Brazil court releases former JBS chairman from jail

A Brazilian federal court on Friday granted the release from jail of Joesley Batista, former chairman of the world's biggest meatpacker, JBS SA, according to court documents.

 

Writing by Marcelo Teixeira; editing by Phil Berlowitz and Jonathan Oatis, Reuters

via Channel NewsAsia - 10 Mar 2018

 

BRASILIA: A Brazilian federal court on Friday granted the release from jail of Joesley Batista, former chairman of the world's biggest meatpacker, JBS SA, according to court documents.

 

Joesley Batista, who steered JBS from a Brazilian beef processing firm to a global food conglomerate with major U.S. operations, was expected to be released later on Friday from a Sao Paulo detention centre, said his lawyer, André Callegari.

 

Batista and his brother, Wesley, were arrested last year on charges of obstruction of justice and insider trading following a controversial plea bargain related to a corruption scandal that threatened to topple President Michel Temer.

 

Wesley Batista, the former chief executive of JBS, was released last month. The brothers cannot leave the country while they answer to charges against them. The Batistas control JBS through holding company J&F Investimentos.

 

The judge who ordered Joesley Batista's release said the reason for his preventive arrest order was no longer valid, since that type of arrest by law should not exceed 120 days. The former JBS chairman had been behind bars for the last six months.

 

The Batistas' testimony was central to charges presented by Brazil's prosecutor general against Temer. In a plea deal, they accused Temer of taking bribes in return for political favours and of conspiring to buy the silence of a witness who could implicate the president.

 

Temer denied any wrongdoing, and Brazil's lower house of Congress voted against sending the charges to the Supreme Court.

 

Joesley was later accused of withholding key information from the plea deal...

 

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https://www.channelnewsasia.com/news/world/brazil-court-releases-former-jbs-chairman-from-jail-10032016

 

 

Meat Tycoon Joesley Batista to Be Released From Jail by Court

 

    Older brother Wesley Batista was freed from prison last month

    Brothers who control meat giant JBS were arrested in September

 

By Gerson Freitas Jr, Bloomberg

March 9, 2018

 

Meat tycoon Joesley Batista will be released after six months in jail, the second win in the past few weeks for the Brazilian brothers who control meatpacking giant JBS SA and are battling allegations of insider trading.

 

Joesley, 46, is set to be released Friday, his lawyer Andre Callegari said by phone. The information was reported earlier by Folha de S.Paulo newspaper. JBS and the Batistas’ family holding company J&F Investimentos SA declined to comment.

 

Older brother Wesley Batista, the former chief executive officer of JBS, was released last month at the direction of the a court in Brasilia. Joesley also got a similarly favorable decision in the insider-trading case, but remained in jail under a separate order for allegedly concealing information during previous negotiations over a plea bargain. Prosecutors have asked for the plea deals signed by both brothers to be revoked, a decision that still has to be confirmed by Brazil’s Supreme Court.

 

The saga surrounding JBS, the world’s largest meat company, has transfixed Brazilians and sent prices of its bonds and shares on a roller-coaster ride in the past year. In May, it was revealed that the brothers had reached an agreement with the authorities to stay out jail after after testifying about a long-running scheme to bribe politicians…

 

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https://www.bloomberg.com/news/articles/2018-03-09/meat-tycoon-joesley-batista-to-be-released-from-jail-by-court