financetom
Business
financetom
/
Business
/
Brazil probes JBS, other beefpackers for buying cattle from deforested land
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazil probes JBS, other beefpackers for buying cattle from deforested land
Aug 29, 2025 1:00 PM

SAO PAULO (Reuters) -Brazilian environment agency Ibama has notified 12 meatpacking plants, including two operated by JBS SA, for their alleged involvement in a scheme to buy cattle from illegally cleared land in the Amazon rainforest, according to a document seen by Reuters on Friday.

Ibama said in a statement on Thursday, without naming any parties, that 12 plants "are under investigation for acquiring suspicious cattle, triangulated with 'clean' farms, to disguise their illegal origin."

Ibama added that it had already fined six unnamed meatpackers in 4 million reais ($740,000) for "direct purchase of 8,172 head of cattle from embargoed areas."

JBS did not immediately respond to a request for comment.

Privately owned Frigol and Mercurio are also among the 12 implicated beef producers, the document showed.

Frigol said in a statement that Ibama had made a mistake, adding it had not bought cattle from the farm the agency said had been illegally razed.

Mercurio Chairman Lincoln Bueno told Reuters a third-party firm monitors the origin of the animals it processes, adding purchases are blocked from properties with environmental and labor irregularities.

As part of Ibama's investigation, the agency said it seized more than 7,000 head of cattle that were on 2,100 hectares of farms it had blocked from commercial use after illegal deforestation.

"Producing, selling or buying cattle from these embargoed areas is an environmental crime and those responsible are fined," Ibama's statement said.

In addition to seizing the cattle, Ibama said it fined the wrongdoers a total of 49 million reais ($9.04 million), without specifying if they were companies or persons.

($1 = 5.4212 reais)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports
Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports
Jun 26, 2024
(Reuters) - Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market share in the country against dominant airline Qantas. U.S. private equity firm Bain Capital had aimed for a A$1 billion ($665.5 million) listing of Virgin on the...
Newcore Gold Starts 10,000-Meter Drill Program at Enchi Gold Project in Ghana
Newcore Gold Starts 10,000-Meter Drill Program at Enchi Gold Project in Ghana
Jun 26, 2024
08:07 AM EDT, 06/26/2024 (MT Newswires) -- Newcore Gold ( NCAUF ) said on Wednesday that it initiated a 10,000-meter drill program at the company's Enchi Gold Project in Ghana that will focus on infill and resource expansion drilling. The company has planned about 10,000 meters of reverse circulation drilling. The drilling will target near-surface oxide and shallow sulfide mineralization...
--Street Color: Western Union Opens First Concept Store in Morocco
--Street Color: Western Union Opens First Concept Store in Morocco
Jun 26, 2024
08:05 AM EDT, 06/26/2024 (MT Newswires) -- Price: 12.35, Change: +0.09, Percent Change: +0.73 ...
Intellia Therapeutics Names Edward Dulac CFO
Intellia Therapeutics Names Edward Dulac CFO
Jun 26, 2024
08:08 AM EDT, 06/26/2024 (MT Newswires) -- Intellia Therapeutics ( NTLA ) said Wednesday it has named Edward Dulac its chief financial officer, effective July 22. Dulac will succeed Glenn Goddard, who is stepping down on Sunday, the company said. Dulac most recently served as Fate Therapeutics' (FATE) CFO. Price: 24.35, Change: +0.35, Percent Change: +1.46 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved