Business

Brazil police say Batistas saved up to $44 million with insider trading

Published: 10:00 PM, September 13, 2017

SAO PAULO - The billionaire Batista brothers saved as much as 138 million reais ($44 million) through insider trading in May, when their investment vehicle sold shares of meatpacker JBS SA <JBSS3.SA> before signing a plea bargain deal that sent the stock plunging, Brazilian police said on Wednesday. REUTERS