Elizabeth Johnson

Managing Director, Brazil Research

Grace Fan

Director, Brazil/Latin America Research

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Brazil: Meat gets a roasting in corruption investigation

Overview

Brazilians were shocked last week by revelations that meatpacking plants across three states had been paying bribes to sanitation inspectors, who, in exchange, had turned a blind eye to various violations of food safety regulations. Following those revelations, shares in the country’s (and world’s) largest publicly traded meat companies tanked as big importers of Brazilian beef and poultry banned shipments. While the investigation highlights the extent to which corruption has...

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