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The National Bank for Economic and Social Development is a development bank structured as a federal public company associated with the Ministry of the Economy of Brazil. The stated goal is to provide long-term financing for endeavors that contribute to the country's development. BNDES is one of the largest development banks in the world. Its non-performing loan ratio is also less favorable (2.2%) compared to the CDB's that stands below 1%.
Henrique de Campos Meirelles is former Minister of the Economy and an executive of the Brazilian and the international financial sectors and former president of Central Bank of Brazil where he remained in office from 2003 to 2011. He chairs J&F's board of directors, company that owns Banco Original, JBS and Vigor, among others. He is also a member of the board of directors of Azul Brazilian Airlines.
EBX Group is a conglomerate that comprises six companies listed in BOVESPA’s Novo Mercado, including: OGX (oil), MMX (mining), OSX, and CCX, founded and formerly controlled by disgraced Brazilian businessman Eike Batista, the chairman of the EBX Group, who was, in 2018, convicted for corruption.
JBS S.A. is a Brazilian company that is the largest meat processing company in the world, producing factory processed beef, chicken and pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo. It was founded in 1953 in Anápolis, Goiás. As of 2017, the company had 150 industrial plants around the world. J&F Investimentos is a 42% indirect shareholder in JBS S.A., which is listed on American stock markets as JBSAY. J&F Investimentos is wholly owned by Joesley Batista and Wesley Batista. As of May 2017, JBS S.A. remains the world's biggest butcher.
Eike Fuhrken Batista da Silva is a Brazilian-German serial entrepreneur who made and lost a fortune in mining and oil and gas industries. He engaged in a quest to promote Brazil's infrastructure with large-scale projects, such as the Porto do Açu, which eventually bankrupted his companies.
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Operation Car Wash was a criminal investigation by the Federal Police of Brazil, Curitiba Branch. It began in March 2014 and was initially headed by investigative judge Sergio Moro, and in 2019 by Judge Luiz Antônio Bonat. It has resulted in more than a thousand warrants of various types. According to the Operation Car Wash task force, investigations implicate administrative members of the state-owned oil company Petrobras, politicians from Brazil's largest parties, presidents of the Chamber of Deputies and the Federal Senate, state governors, and businessmen from large Brazilian companies. The Federal Police consider it the largest corruption investigation in the country's history.
Eduardo Cosentino da Cunha, is a Brazilian politician and radio host, born in Rio de Janeiro. He was President of the Chamber of Deputies of Brazil from February 2015 till May 5, 2016, when he was removed from the position by the Supreme Court. BBC News labeled him the "nemesis" of Brazilian President Dilma Rousseff. He was indicted in the scandal known as Operation Car Wash involving the state-owned oil company Petrobras and other corporations. Cunha was suspended as speaker of the Chamber of Deputies by the Supreme Court on the request of the Prosecutor-General due to allegations that he had attempted to intimidate members of Congress and obstructed investigations into his alleged bribe-taking. Cunha resigned from his position later, on July 7, 2016, after a disciplinary process in Congress that had lasted nine months, making it the longest in Brazilian Congressional history. A series of legal manoeuvres had stalled the process and kept Cunha in charge of the Chamber of Deputies. While the Chamber's Commission of Ethics was divided on the issue until June, the Chamber of Deputies plenary, on September 12, 2016, voted 450–10 in favour of stripping Cunha of his position as federal deputy for breaching parliamentary decorum by lying about secret offshore bank accounts.
J&F Investimentos SA is a private investment holding company that was founded in 1953 and is based in São Paulo, Brazil. The company is involved in myriad business endeavors, such as agribusiness, manufacturing, marketing and sales, electricity generation, waste management, real estate, and publishing, among others. J&F Investimentos is owned by the Batista family of Brazil.
Events in the year 2017 in Brazil.
The Operation Carne Fraca, is an action started on March 17, 2017 and enforced by the Federal Police of Brazil, that country's federal police force, which investigated some of the country's largest meat processing companies.
Joesley Batista is a Brazilian businessman, son of José Batista Sobrinho. He is responsible for the expansion and internationalization process of JBS S.A., the largest meat-packing company in the world, and one of the main agribusiness companies in Brazil, and J&F Investimentos which he shares with his wife, Flora, and five children. He was listed in 2016 among the 70 main billionaires of Brazil by Forbes magazine.
JBS Foods International engages in the food business internationally, and is the largest meatpacking company in the world. It is a "controlled company" in SEC parlance. JBSFI operates through four segments: Beef, Pork, Poultry, and Other. It offers fresh and processed beef, lamb, sheep, pork, and chicken. JBSFI is the largest leather processor in the world. It also processes collagen, biodiesel fuel, hygiene and cleaning products, and is involved in metal packaging, carriers, waste management, casings, and trading activities, as well as provides prepared food products.
Wesley Batista is a Brazilian billionaire businessman, and founder of JBS S.A.. Batista was the president of the JBS group and was responsible for the implementation of JBS operations in the US since the acquisition of Swift in 2007.
Esther Miriam Sandoval Flesch is a Brazilian lawyer. Flesch became one of the most prominent lawyers in Brazil, and achieved recognition in international rankings such as Latin Lawyer, Latin American Corporate Counsel Association (LACCA), and Legal 500.
A long series of criminal investigations have occurred in Brazil associated with Operation Car Wash, since the first one began in March 2014. These investigations are considered offshoots of the original phased investigations.
On May 30, 2021, JBS S.A., a Brazil-based meat processing company, suffered a cyberattack, disabling its beef and pork slaughterhouses. The attack impacted facilities in the United States, Canada, and Australia.
References
- 1 2 Magalhaes, Luciana; Lewis, Jeffrey T. (May 12, 2017). "Meatpacker JBS Probed by Brazilian Police Over Loans From BNDES". Wall Street Journal . New York City, United States. Retrieved May 20, 2017.
- ↑ Trevisani, Paulo (May 16, 2017). "Brazil's JBS Says Legal Issues May Delay IPO of International Unit". Wall Street Journal . New York City, United States. Retrieved May 20, 2017.
- ↑ "Brazil's sordid tale of beef and bribes".