Brazil police raid pulpmaker controlled by billionaire Batista family

This probe gets very close to Finance Minister Meirelles…

Brazilian police on Friday raided offices of pulpmaker Eldorado Celulose controlled by the billionaire Batista family, a company spokesman said, in the latest stage of the country’s biggest-ever corruption investigation.

Brazilian media had reported that police targeted JBS SA, the world’s largest meatpacker which is also controlled by the Batistas. JBS said neither the company nor its executives were targeted in Friday’s police operation.

As part of the raid on Eldorado Celulose, police served one arrest warrant and conducted search-and-seizure operations at 19 locations in four states, prosecutors said in a statement, without giving details about the operation.

“Eldorado has always acted in a transparent way and all its activities have been conducted according to the law,” the company said in a statement, adding that it had fully complied with authorities’ requests for information.

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