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October 24, 2017

Brazil’s JBS to resume operations at 7 plants in Brazil

Brazilian meatpacker JBS SA will resume operations on Tuesday at seven slaughterhouses in Mato Grosso do Sul state that had been shut since Wednesday following a court-ordered asset freeze, a media representative said on Saturday.

JBS, whose owners are ensnared in a broad corruption and insider trading investigation in Brazil, had decided to stop operations at the plants after a local court blocked it and controlling holding company J&F from having access to about 730 million reais ($228.68 million) due to allegations of tax irregularities in the state.

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