The company shuttered seven processing plants in Brazil over a tax dispute.

Jeremiah O’Callaghan faces allegations of failing to disclose to the market the Batista plea deal in a timely manner.

Meanwhile, JBS SA maintains interest in IPO.

Corruption scandal involving the Batista brothers overshadowed the deal.

Joesley and Wesley Batista are being held in pre-trial detention in São Paulo.

Brazilian federal police ask prosecutors to formally charge the brothers for insider trading.

JBS’ new president, José Batista Sobrinho, was the company’s first in 1953.

Joesley Batista turned himself in for violating the terms of a plea agreement.

The former chairman of JBS SA turned himself in after a high-court judge issued a warrant for his arrest.

J&F Investimentos is responsible for paying the fine levied by federal prosecutors.