Meat company JBS under fire for corruption allegations
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Does the company name JBS ring any bells to you, members?
For those who are unaware, JBS is a Brazilian meat company and is also the biggest meat manufacturer not just in Australia, but in the whole world.
So if you have ever bought any Primo ham, Huon salmon, McDonald's burgers or meat from major supermarkets like Coles, Woolworths or Aldi, you have most likely already eaten JBS products.
However, recent news has revealed the multi-billion dollar company isn’t all what it seems, and may have been built on corruption and bribery…
JBS's expansion has made it the biggest meat company in Australia. Credit: ABC: Four Corners/Ryan Sheridan.
JBS has its roots as a small butchery in regional Brazil, first launched in 1953 by businessman Jose Batista Sobrinho.
Since then, Mr Sobrinho's family empire expanded throughout Brazil, South America, and North America as his sons, Joesley and Wesley Batista, later on took over the company.
But on Monday, Australia's leading investigative journalism program, Four Corners, reported about an investigation conducted into JBS' expansion in Australia, which revealed that the two billionaire brothers willingly broke the law just to get what they want.
The brothers confessed that they paid bribes to Brazil's finance minister and other politicians to gain funding for the company – the same funding that gave JBS control over Australian Meat Holdings.
And while the Batista brothers no longer sit on JBS' board or occupy executive management positions, they still retain huge stakes in the meat manufacturing company.
The company is also set on continuing to expand more and more into the Australian market, with JBS buying Australia's second-largest producer of farmed salmon, Huon Aquaculture, for $425 million in 2021.
Brothers Wesley (left) and Joesley Batista (right) took over the company after their father. Credit: Reuters: Paulo Whitaker, Adriano Machado.
"JBS Australia is a proud Australian corporate citizen with a strong brand and reputation," the statement read.
"We are a large employer in both metropolitan areas and across regional and rural Australia. In most cases, in regional areas, we are the largest employer in these towns and regions. Our company has a strong relationship with, and supports, thousands of farming families and primary producers across Australia."
"Since 2007, JBS Australia has a strong track record of investing and growing its Australian business and compliance with Australian law."
So, what do these allegations and statements mean for you, members?
The JBS Foods scandal has left many shoppers wondering if they should continue buying products from the company.
While the allegations against JBS are serious, it's also important to remember that the company has not been charged with any crime in Australia.
At the end of the day, it’s up to shoppers to decide whether they want to continue supporting a company that is embroiled in a corruption scandal.
What are your thoughts, folks?