Judge orders JBS execs to step away from corporate roles

JBS's CEO Wesley Batista and chairman Joesley Batista were ordered by a Brazilian judge to step away from executive positions in their companies. Federal Judge Vallisney De Souza Oliveira also ordered 38 executives from a number of companies to forfeit their passports, request prior authorization before traveling domestically and refrain from any activity in capital markets.  The order is part of the Federal Police's probe, called “Operation Greenfield”, an investigation into pension fund investments in Brazilian companies, including Eldorado Brasil, a pulp producer owned by J&F Investimentos, which also controls JBS.