About: http://data.cimple.eu/news-article/7c088f3cf5be9c7c1c58e540a6a31cb23f5dec354ee07353c1dfdf7c

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About: http://data.cimple.eu/news-article/7c088f3cf5be9c7c1c58e540a6a31cb23f5dec354ee07353c1dfdf7c Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	US authorities hit Brazilian conglomerate J&F Investimentos with a fine of more than $256 million after the company plead guilty in a wide-reaching corruption case, the US Justice Department announced Wednesday. The company, which owns meatpacking giant JBS, admitted to paying tens of millions of dollars in bribes to government officials in Brazil using US banks and real estate, including a Manhattan apartment, in a scheme that violated the US Foreign Corrupt Practices Act, the Justice Department said in a statement. "J&F has admitted to engaging in a long-running scheme to bribe corrupt officials in Brazil to obtain financing and other benefits for the company," said Acting Assistant Attorney General Brian Rabbitt. From 2005 to 2017 the company paid officials, including from Brazilian state development bank BNDES and state oil company Petrobras' pension fund Petros, in exchange for deals and favorable treatment, the statement said. In a related matter, the US Securities and Exchange Commission (SEC) said it fined JBS about $27 million, while the company's owners Joesley and Wesley Batista each will pay $550,000. J&F have faced lengthy fallout from the 2017 scandal that threatened to bring down then-president Michel Temer, including a $1.4 billion fine paid to the Brazilian government on top of over $400 million in contributions to social projects. hs/dw
schema:headline	US hits Brazil's J&F with $256 mln corruption fine
schema:mentions	Meat packing industry Wesley Batista Deutsche Welle U.S. Securities and Exchange Commission JBS S.A. Manhattan United States Department of Justice Brazilian Development Bank United States Attorney General Michel Temer Petrobras Brazil J&F Investimentos Foreign Corrupt Practices Act Pension fund Chaebol
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	93 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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