In this file:
· JBS controlling shareholders sold nearly $100 million in shares: filings
· Brazil securities regulator probes JBS currency, stock purchases
· Brazil police probe BNDES loans to JBS, police say
· Riots erupt in Brazil over claims secret tapes reveal President 'colluding with firm that sold diseased meat'
JBS controlling shareholders sold nearly $100 million in shares: filings
By Bruno Federowski and Tatiana Bautzer | Reuters
Thu May 18, 2017 | 7:59pm EDT
SAO PAULO | JBS SA's controlling shareholders sold shares in the meatpacker worth 329 million reais ($98 million) in April, according to securities filings, after JBS's top two executives had secretly begun negotiating a plea-bargain deal with prosecutors.
Testimony by Chairman Joesley Batista and his brother, Chief Executive Wesley Batista, about Brazil President Michel Temer allegedly condoning the payment of bribes as part of that deal roiled Brazilian financial markets on Thursday, sending JBS shares 9.7 percent lower.
The shareholders that sold the JBS stock from April 20-28 are among the vehicles through which the billionaire Batista brothers control the meatpacker, the world's largest.
JBS's corporate treasury acquired 200 million reais in stock from April 24-27. Neither the JBS treasury nor the company's controlling shareholders had bought or sold shares over the prior year before April, according to the filings last week.
The share sales, originally reported by news website Brazil Journal on Thursday, represented 2.6 pct of stock held by JBS's controlling shareholders at the beginning of April.
JBS declined to comment. J&F Investimentos, the Batistas' main holding company, did not respond to a request for comment. Brazilian market regulator CVM did not immediately return a call seeking comment.
Earlier on Thursday, CVM said it was analyzing "facts related to the corruption probe ...
Brazil securities regulator probes JBS currency, stock purchases
Reporting by Tatiana Bautzer; Writing by Ana Mano; Editing by Christian Plumb and Miral Fahmy, Reuters
Fri May 19, 2017 3:52am GMT
SAO PAULO May 19 (Reuters) - Brazil's securities regulator has launched a probe into currency and stock trades made by executives at meatpacker JBS SA after they made plea bargain testimony that suggested Brazil's president had condoned bribery, Valor Econômico newspaper reported on Thursday, citing unnamed sources.
The testimony by Joesley and Wesley Batista, billionaire brothers who are chairman and chief executive of JBS, sent Brazilian stocks and the currency plunging on Thursday because of fears it could lead to Brazilian President Michel Temer's ouster.
Temer has denied any wrongdoing and on Thursday refused to resign.
Valor cited an unnamed source saying that Brazilian regulators CVM had become aware that the Batistas' group of companies acquired a U.S. dollar position that could have exceeded $1 billion in the local currency market hours before the plea deal news broke.
Such a currency trade would have been done through various broker dealers, at the request of JBS, according to Valor.
CVM and JBS did not respond to requests for comment outside regular business hours...
Brazil police probe BNDES loans to JBS, police say
Reporting by Lisandra Paraguassu; Writing by Bruno Federowski, Reuters
Fri May 12, 2017 | 7:15am EDT
Brazil federal police are investigating loans by development bank BNDES to JBS SA, the world's largest meat processor, a police source told Reuters on Friday.
Police had earlier said they would detain 37 people for questioning and conduct 20 search and seizure warrants as part of a probe into an unnamed meatpacker.
Press representatives for JBS and BNDES did not immediately respond to requests for comment.
Starting in June 2007, BNDES subsidiary BNDES Participações SA handed out loans...
Riots erupt in Brazil over claims secret tapes reveal President 'colluding with firm that sold diseased meat'
President Michel Temer was allegedly filmed speaking with the owners of Brazilian meatpacking giant JBS, which was at the centre of allegations over the export of rotten meat early this year
By Matt Roper& Rachel Bishop, Mirror (UK)
18 MAY 2017
Brazil's president Michel Temer was allegedly secretly recorded discussing 'hush money' pay-offs to a jailed associate and colluding with a firm that sold rotten and diseased meat in Europe.
Alleged explosive recordings were presented to prosecutors as part of a plea bargain by Joesley and Wesley Batista, who run the country's shamed meat-packing firm JBS.
The company was accused in March of paying inspectors to overlook exports of meat which were rotten, had traces of salmonella or were even filled with products such as cardboard.
The release of the recording has sparked furious protests across the country, and outraged members of Brazil’s congress have called for Temer to step down.
President Temer, who took office in August last year after the impeachment of former president Dilma Rousseff, is accused of helping cover up JBS's crimes at the time of the scandal by assigning a trusted congressman to smooth over matters relating to the JBS allegations.
Ricardo Rocha Lourdes, the congressman, was later filmed receiving a suitcase filled with banknotes worth £122,000, sent by Joesley Batista, who owns JBS with his brother Wesley.
In another video, Temer is allegedly filmed telling Batista to continue paying a monthly bribe to Eduardo Cunha, former speaker of the lower house of the Brazilian Congress and lobbyist Lucio Funaro. Cunha is serving a 15-year jail sentence on corruption charges and Lucio is also serving a prison sentence. They were allegedly told to pay the pair money so they keep silent while in jail.
After Batista tells the president that he is paying the monthly hush money, Temer is reportedly heard saying in one of the recordings: "you have to keep doing this, ok?".
And in another secret recording, Brazilian senator Aecio Neves, the leader of president Temer's PSDB party, is apparently seen asking the meat firm owner for £500,000.
Brazil's Federal Police reportedly filmed the money being handed over to Neves' cousin, who deposited it into the bank account of congressman Zeze Perrella, also of the PSDB party.
In explosive revelations in Brazil's O Globo newspaper, the Batista brothers allegedly secretly recorded conversations with Brazil's president in March this year, as the rotten meat scandal broke.
Unknown to to him, the Batista brothers were already helping Brazil's Federal Police in a plea bargain in exchange for leniency.
Investigators tracked the serial numbers of bank notes and attached chips to bags used to deliver them, tracking more than £737,000 in bribes to jailed Congressman Eduardo Cunha just in April this year - allegedly authorised by President Temer.
After the allegations were made public last night, the Brazilian chamber deputies and congress suspended sessions, with the president of the chamber of deputies, Rodrigo Maia, claiming the scandal "left them unable to do their work".
Brazilians later took to the streets in number of cities, with police using pepper spray against protesters outside parliament buildings in the capital Brasilia.
By 11pm, thousands of people had filled Sao Paulo's main thoroughfare, Avenida Paulista, demanding the impeachment of President Temer.
People held up banners that read: "It's over Temer! General elections. and Out Temer! Out reforms and General elections" and "
In a statement, the president's office said: "President Michel Temer never asked for payments to obtain the silence of former deputy Eduardo Cunha. He did not participate and did not authorize any movement in order to avoid delation or collaboration with the Justice by the ex-parliamentarian.
"The meeting with businessman Joesley Batista took place in early March at the Jaburu Palace, but there was nothing in the dialogue that would jeopardize the conduct of the President of the Republic.
"The president defends extensive and thorough investigation to investigate all the denunciations by the press, with the responsibility of those involved in any illegal acts that may be proven."
The statement confirmed that a meeting with a JBS executive had taken place in March but said "there was nothing in the dialogue that would compromise the President's conduct".
article, plus photos