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Chairman of Brazil Meatpacker Steps Down After Bribes
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Chairman of Brazilian Meatpacker JBS, Joesley Batista, Resigns After Revelations of Bribes

Mr. Batista and his brother admitted to paying about $150 million—mostly in bribes—to nearly 2,000 politicians

By

SÃO PAULO—The chairman of the world’s largest meat producer, JBS SA, stepped down Friday, weeks after telling prosecutors his company bribed Brazilian politicians, including President Michel Temer, in exchange for taxpayer-subsidized loans and other favors.

Joesley Batista, the youngest son of JBS’s founder and the architect of its blistering expansion into the U.S. and other international markets, will be replaced immediately by...

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