World

JBS chairman confirms signing plea agreements with Brazil prosecutors

Published: 7:45 AM, May 19, 2017

SAO PAULO - Brazilian meatpacker JBS SA's <JBSS3.SA> Chairman Joesley Batista confirmed on Thursday the signing of plea agreements with prosecutors regarding the country's widest-ever corruption probe.

In a statement, Batista, who is one of the controlling shareholders of JBS through his family's holding company J&F Investimentos, admitted to making improper payments to politicians. He added that outside Brazil, the group has expanded its activities "without violating ethical norms". REUTERS