Chairman of JBS USA parent company admits illegal payments

The chairman of JBS SA, the Brazillian meatpacking company that’s parent to Greeley-based JBS USA, has admitted to making millions of dollars of illegal payments to the president of Brazil and two former presidents.

The Denver Business Journal reports that Joesley Batista admitted to the payments in documents released by the Brazillian Supreme Court. Over several years, Batista admitted to paying $2.2 million to Brazillian president Michel Temer, $30 million to ousted president Dilma Rousseff and $50 million toRousseff’ss predecessor Luiz Inacio Lula de Silva.

According to Batista, the payments to Rousseff were in exchange for loans from the state development bank to a company run by a Batista family holding company.

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