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JBS CEO arrested days after brother detained

Investigation alleges insider trading prior to signing leniency agreement in May.

In another turn of events surrounding the ongoing scandals concerning JBS S.A., brothers Joesley and Wesley Batista have both now been arrested, according to reports. Wesley Batista, who is still chief executive officer of the world’s largest meat packing company, was taken into custody Wednesday by Brazilian police for alleged insider trading earlier this year. A warrant was also issued for Joesley, who was taken into police custody earlier this week on a different matter.

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