![](https://www.just-food.com/wp-content/uploads/sites/28/2021/07/2015-11-12-08-35-jbs2_fill_70-27.jpg)
Brazilian meat group JBS said today (1 July) that it had nothing to do with a corruption probe that led to a police raid on offices of another firm owned by JBS’ majority shareholder J&F Participacoes.
JBS spoke out after the national public news agency, Agencia Brasil (ABR), reported a raid by federal police on the offices of pulp and paper firm Eldorado Brasil Celulos.
ABR said the raid was in connection with a far-reaching probe into allegations of corruption. However, JBS said in a statement that “neither the company or any of its executives are the target of, or are related to, the federal police operation which occurred this morning in Brazil”.
Last January, J&F denied claims that JBS group executives were linked to “crimes against the financial system” as shares in the Brazilian meat giant fell more than 14.71% to US$8.41.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData