JBS in Brazil Ordered to Pay Fine of R$10.3 Billion for Corruption

The fine, said to be the world's largest for corruption, is part of a plea-dealing agreement by the JBS controller, J&F.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – J&F in Brazil, controller of meatpacking giant JBS, will pay R$10.3 billion as part of an agreement with the country’s federal prosecutors’ office (MPF) for its participation in the Lava Jato corruption scandal. According to prosecutors this is the largest fine to be paid for corruption in the world.

The agreement calls for the holding company to pay in the next 25 years R$8 . . .

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