Brazil’s meat giant to pay record fine

Brazil’s meat giant to pay record fine

J&F Investimentos will pay under a clemency deal in two corruption investigations. The payments will start in December and J&F will have 25 years to finish the full payment.

Brazil's President Michel Temer is in danger of being toppled to a testimony given by J&F's owners, Joesley and Wesley Batista, under a plea bargain. The pair, who resigned from their board positions at the company last week, said they spent 600 mill.R to bribe almost 1,900 politicians in Brazil in the recent years.

Brazil's biggest-ever corruption investigation, Operation Car Wash, has been running for more than three years. The number of people embroiled in it continues to rise. The Supreme Court of Brazil has approved an investigation into the allegations against the president.