Wesley Batista, CEO of JBS SA, the parent company of JBS USA, has been suspended from his management position by court order, according to multiple news reports. The suspension, according to a Brazilian prosecutor, stems from a fraud investigation and applies to all of Batista’s jobs. It also affects Joesley Batista, Wesley’s brothers and chairman of JBS, reports the Denver Post.
Wesley Batista was detained by police for questioning in São Paulo on Monday as part of the probe of alleged fraud at some of Brazil’s biggest pension funds. Joesley Batista wasn’t questioned because he was out of the country.