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Operation Bullish
Operation Bullish is an ongoing corruption investigation in Brazil. History On May 12, 2017, Brazilian authorities released that they were investigating whether JBS SA had received illegal financing advantages from the state-owned bank BNDES. Dubbed "Operation Bullish," police stated that such operations had led to a loss of around $385 million in public funds. JBS said financing for its unit was lawful, while BNDES said it was cooperating with authorities. Executives such as CEO Wesley Batista and chairman Joesley Batista were questioned by federal police. The court forbid the Batistas from restructuring the business during the investigation. References Further reading *{{cite news , last=Trevisani , first=Paulo , date=May 16, 2017 , title= Brazil's JBS Says Legal Issues May Delay IPO of International Unit , url= https://www.wsj.com/articles/brazils-jbs-says-legal-issues-may-delay-ipo-of-international-unit-1494953638 , work= Wall Street Journal , location= New York City, Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area and the seventh most populous. Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 states and the Federal District. It is the largest country to have Portuguese as an official language and the only one in the Americas; one of the most multicultural and ethnically diverse nations, due to over a century of mass immigration from around the world; and the most populous Roman Catholic-majority country. Bounded by the Atlantic Ocean on the east, Brazil has a coastline of . It borders all other countries and territories in South America except Ecuador and Chile and covers roughly half of the continent's land area. Its Amazon basin includes a vast tropical forest, ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JBS SA
JBS S.A. is a Brazilian company that is the largest meat processing company (by sales) in the world, producing factory processed beef, chicken and pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo.JBS S.A. (2011). "Contact us". "Address Avenida Marginal Direita do Tietê, 500 Vila Jaguara - São Paulo/SP - Brazil CEP: 05118-100." Retrieved on 2011-02-03 from . It was founded in 1953 in Anápolis, Goiás. As of 2017, the company had 150 industrial plants around the world. J&F Investimentos is a 42% indirect shareholder in JBS S.A., which is listed on American stock markets as JBSAY. J&F Investimentos is wholly owned by Joesley Batista and Wesley Batista. As of May 2017, JBS S.A. remains the world's biggest butcher. The company has been regularly criticised for sourcing meat from farms that contribute to the destruction of the Amazon rainforest. History 1953–2000: Formation in Brazil JBS was initially established as a slau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BNDES
The National Bank for Economic and Social Development ( pt, Banco Nacional de Desenvolvimento Econômico e Social, abbreviated: BNDES) is a development bank structured as a federal public company associated with the Ministry of the Economy of Brazil. The stated goal is to provide long-term financing for endeavors that contribute to the country's development. BNDES is one of the largest development banks in the world (after the Chinese Development Bank, which boasts assets of around RMB 7.52 trillion, or around $1.2 tn). Its non-performing loan ratio is also less favorable (2.2%) compared to the CDB's that stands below 1%. Among the objectives of BNDES are the strengthening of the capital structure of private companies, the development of capital markets, the trading of machines and equipment and the financing of exports. Since its establishment on June 20, 1952, BNDES has financed large-scale industrial and infrastructure endeavors and has played a significant role in the support ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wesley Batista
Wesley Mendonça Batista (born 8 December 1972) is a Brazilian billionaire businessman, and founder of JBS S.A. Batista was the president of the JBS group and was responsible for the implementation of JBS operations in the US since the acquisition of Swift in 2007. Career JBS president Wesley Batista and his brother Joesley Batista were listed in 2016 among the top 70 billionaires of Brazil by ''Forbes'' magazine. 2016: Operation Car-Wash In July 2016, Wesley Batista became a suspect in the investigations of Operation Car Wash. The Brazilian Federal Police charged him with alleged bribes made by his company, JBS S.A., to former president of the Brazilian parliament Eduardo Cunha, intended to help JBS free up resources from the (FI-FGTS). 2017: Bribery and insider trading allegations On May 17, 2017, the Batista brothers admitted to the Brazilian Federal Police that they had bribed several Brazilian officers and politicians over the previous 12 years. As a result of thes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joesley Batista
Joesley Mendonça Batista (born 8 December 1972) is a Brazilian businessman, son of José Batista Sobrinho. He is responsible for the expansion and internationalization process of JBS S.A., the largest meat-packing company in the world, and one of the main agribusiness companies in Brazil, and J&F Investimentos which he shares with his wife, Flora, and five children. As of October 2021, his net worth was estimated at US$4.1 billion. Early life He is the son of José Batista Sobrinho, who founded JBS S.A., the largest meat-packing company in the world, and one of the main agribusiness companies in Brazil, and J&F Investimentos. José is married to Flora Mendonça Batista, and their children include: Valere Batista Mendonça Ramos, Vanessa Mendonça Batista, Wesley Mendonça Batista, Joesley Mendonça Batista and Vivianne Mendonça Batista. Career He was listed in 2016 among the 70 main billionaires of Brazil by ''Forbes'' magazine. Corruption and influence peddling Batista an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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