Joesley Batista

Reuters, citing a Wall Street Journal report based on people familiar with a meeting, reported that JBS co-owner Joesley Batista met Trump in the Oval Office on August 20, 2026, and discussed whether additional Brazilian beef could help lower U.S. prices if an import tax were reduced. Trump announced the proposed import expansion the next day. Reuters said it could not independently verify the meeting account.

Joesley Mendonça Batista is Wesley Batista’s brother and, with Wesley, a joint controlling shareholder of J&F and JBS. The 2024 Pilgrim’s Pride filing says the brothers joined the company’s board on February 8, 2024. In the Brazilian Securities and Exchange Commission’s October 2023 administrative proceedings, the board voted to absolve Joesley of specified allegations concerning JBS-share transactions; it also unanimously absolved him in a separate proceeding concerning interest-rate derivatives.

In May 2017, Reuters reported that Wesley and Joesley Batista testified that they had spent 600 million reais bribing nearly 1,900 politicians. J&F announced a 10.3-billion-real corporate leniency penalty, approximately $3.2 billion at the time, payable over 25 years with inflation adjustments.

The SEC’s October 2020 order found that Wesley and Joesley Batista and their companies paid approximately $150 million in bribes during 2009–2015. The payments helped obtain and maintain $2 billion in BNDES financing used in part for JBS’s 2009 acquisition of Pilgrim’s Pride. The order describes shell companies, accounts held for a Brazilian minister’s benefit, fake invoices, cash and payments routed as official election donations. Some funds passed through JBS accounts containing money transferred from Pilgrim’s Pride. These payments overlap with the conduct addressed in J&F’s criminal case.

The SEC found that Wesley and Joesley Batista concealed the bribery arrangements from Pilgrim’s Pride’s accountants and auditors, knowingly caused inaccurate books and records, and violated Exchange Act Section 13(b)(5) and Rules 13b2-1 and 13b2-2. J&F and JBS also caused Pilgrim’s accounting and internal-control violations. In the settled administrative proceeding, JBS agreed to approximately $26.9 million in disgorgement and interest, and each brother agreed to a $550,000 civil penalty. The resolution required compliance improvements and three years of reporting.

The story also acquired a relevant business-access lead after publication. Reuters reported on August 31, citing a Wall Street Journal account based on people familiar with a meeting, that JBS co-owner Joesley Batista met Trump in the Oval Office on August 20 and discussed whether additional Brazilian beef could help lower U.S. prices if an import tax were reduced. Trump announced the plan the following day. Reuters said it could not immediately verify the report.

Wesley and Joesley Batista jointly control JBS through J&F entities. Pilgrim’s Pride’s 2024 filing says the brothers joined its board on February 8, 2024, after Wesley Batista Filho resigned from the board. JBS announced on April 27, 2023, that Wesley Batista Filho would become chief executive of JBS USA effective May 1, following Tim Schellpeper’s retirement.

In its October 31, 2023 decisions, Brazil’s securities regulator acquitted Wesley and Joesley Batista of specified administrative allegations involving market transactions. Some votes were divided. J&F received a 500,000-real fine for trading JBS shares during a restricted period. These were Brazilian securities proceedings; the U.S. bribery and accounting resolutions were issued separately in 2020.

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Sources and Records

AI generated report by Explorvia.com.