BRF assesses impact of alleged espionage by JBS
BRF is assessing the impact that alleged espionage by its rival JBS may have had on its operations, now that revelations have been made about kickbacks paid to advisers working at the largest chicken meat exporter of the world. BRF has been shocked by the speed with which JBS understood and replicated the company's marketing and commercial strategies, a source familiar with the situation told Reuters. In the plea-bargain testimony by Joesley Batista, chief executive of J&F and chairman of the board of JBS, two former BRF advisers - Luis Carlos Fernandes Afonso and Carlos Fernando Costa - are said to have taken bribes from JBS while they held seats on the BRF board of directors.
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