Adds extra particulars
NEW YORK, Oct 14 (Reuters) – Brazil’s J&F Investimentos, mother or father firm of the world’s largest meatpacker JBS JBSS3.SA, pleaded responsible to violations of the U.S. International Corruption Practices Act (FCPA) and agreed to pay $256 million in prison fines, prosecutors mentioned on Monday.
The quantity of the bribes paid by J&F officers to high-level authorities officers exceeded $150 million and the corporate made $178 million in revenue, U.S. prosecutors mentioned in open court docket.
Lucio Martins, J&F’s director of compliance, pleaded responsible on behalf of the corporate in a video convention continuing earlier than U.S. District Choose Margo Brodie in Brooklyn.
Between 2005 and 2017, the corporate conspired to bribe officers to get the Brazilian authorities and different entities to rearrange financing and fairness transactions benefiting J&F, in keeping with a U.S. charging doc.
(Reporting by Jody Godoy; Modifying by Christian Plumb)
((Sabrina.Valle@thomsonreuters.com;))
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