Batista brothers back at work after another JBS twis - leatherbiz: Lea Leatherbiz

News

Batista brothers back at work after another JBS twist

14/09/2016
Batista brothers back at work after another JBS twist
Appointments on September 13 of José Batista Júnior as interim president and chief executive of JBS and of José Batista Sobrinho as interim chairman of the tanning and packing group have proved short-lived.

On September 14, the company announced that legal authorities in Brazil had agreed to lift the ban on Wesley Mendonça Batista and Joesley Mendonça Batista from holding these senior positions at the company. A judge banned them on September 5 from maintaining their involvement in the running of the company following an investigation into alleged pensions fraud.

A court in Brasilia agreed to lift the ban after JBS’s parent company, J&F Investimentos, provided prosecutors with “an insured surety” as part of the terms of the agreement. The board of JBS immediately held a meeting and approved the Batista brothers’ return to their positions.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.