Uncategorized

Exclusive: Brazil eyes clearer leniency deal rules after J&F uproar

A backlash in Brazil over plea and leniency deals with the billionaire family that controls meatpacker JBS SA has led prosecutors to start discussions on creating clearer rules for future agreements to ensure equal treatment, three people familiar with the matter said.

The talks over a “basic set of patterns and parameters” to negotiate fines are at a very early stage, two of the people said. Federal prosecutors who serve on a body that validates leniency deals are leading the talks, the people added.

A framework could speed up approval of the accords which allow companies to avoid a ban on doing business with Brazil’s government and usually follow a plea deal admitting guilt. A key condition is the rules should not curb prosecutor’s independence to negotiate the best possible deal, the people added.

Read more

Categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s