JBS partner accused of evading more than R$ 10 million in tax
The Federal Prosecutor's Office (MPF) in Goiás has accused Joesley Batista, president of J&F, the holding company that controls JBS-Friboi, of tax fraud. The Federal Court received the file last week and ordered a criminal investigation. The MPF accuses him of evading more than R$ 10 million in current values between January 1998 and July 1999.
MPF says Friboi, then led by Batista, failed to pay income tax and social contributions to the federal government, withholding information from the authorities. The offense could result in a sentence of two to five years in prison, plus fines, according to the MPF. In response to the accusation, J&F has issued a statement saying Batista contests the charge, but has offered to pay bail of R$ 10 million to discuss the issue in court.