Former JBS CEO authorised to leave jail

Published:  28 February, 2018

Wesley Batista from holding company J&F Investimentos, owner of meatpacking giant JBS SA, was released from prison under court order on February 24.

After serving a six-month prison sentence, Wesley Batista is banned from leaving Brazil without approval from the court of justice as well as from participating in the management of companies owned by J&F, or any other market activities. He will also have to wear an ankle monitor and present himself to police quarters once a week.

His brother, Joesley Batista and former JBS Chairman, is to remain in prison as he has a second federal warrant arrest against him for, allegedly, having concealed information during negotiations over a previous plea bargain.

As previously reported by ILM, the Batista brothers were charged with insider trading after prosecutors revoked plea-bargain agreements made in May 2017.

Source: G1

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