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JBS plea bargain in Operation Car Wash
From Wikipedia, the free encyclopedia
The JBS Testimonies in Operation Car Wash refer to the leniency agreement signed between the company JBS and the Office of the Attorney General of Brazil (PGR) in April 2017, within the scope of Operation Car Wash. The Brazilian Supreme Federal Court (STF) approved the agreement on May 18, 2017, based on the plea bargain of the owners Joesley and Wesley Batista and executives of the company.[1] On September 14, 2017, former Attorney General Rodrigo Janot rescinded the agreement with Joesley and Ricardo Saud due to suspicions of obstruction of investigation by the collaborators.[2] The following year, Attorney General Raquel Dodge rescinded the agreement with Wesley Batista and Francisco de Assis e Silva due to their omission of criminal facts of which they were aware.[3]
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After the testimonies, the São Paulo Stock Exchange (B3) experienced a significant decline, as did the Brazilian Real.[4] The political power of the Temer government was also impacted, particularly regarding the approval of the pension reform.[5]
According to the JBS executives' testimonies, payments were mentioned for over 1,800 politicians, surpassing five hundred million Brazilian Reais to assist in campaigns.[6]
The first actions resulting from the testimonies were Operation Patmos, Operation Achilles' Tendon[7] – which led to the arrest of Wesley Batista -[8] and the PGR's indictment against Michel Temer, as well as an investigation into various politicians mentioned in the collaboration terms.