J&F Investimentos controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
United States bribery case
J&F pleaded guilty in the United States to charges involving nearly US$180 million in bribes paid to Brazilian officials. The payments were described as being connected to state-backed financing used for acquisitions including Swift & Company and Pilgrim’s Pride.
2020
J&F Investimentos pleads guilty and agrees to $256 million in fines
Fine or penalty
J&F Investimentos pleaded guilty in federal court in Brooklyn to paying more than $150 million in bribes to Brazilian government officials. Under the settlement agreement, it must pay $256 million in fines to U.S. and Brazilian authorities.
Source excerpt
An owner of the world’s largest meatpackers, with major investments in the U.S., has pleaded guilty in U.S. federal court to paying more than $150 million in bribes for over a decade to high-level government officials in Brazil.
Sao Paulo-based J&F Investimentos made the plea in a federal court in Brooklyn on Wednesday. As part of the settlement agreement, it must pay fines of $256 million to U.S. and Brazilian authorities.
2017
Brazilian corruption settlement
J&F agreed to pay approximately US$3.2 billion in connection with its role in a Brazilian corruption scandal. The matter became one of the most consequential legal events in the group’s history.
2016
Investigation into Alpargatas acquisition financing
Brazil’s federal audit court investigated a Caixa Econômica Federal loan used in connection with J&F’s acquisition of Alpargatas. Investigators questioned whether the loan’s size and repayment terms gave J&F an unfair advantage over rival bidders.