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Joined Oct 24, 2016
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Brazil Tanks After Hours On Rumored Recording Of Presidential Foul Play – $EWZ Down 14%

Now that everyone’s talking tapes and memos and impeachment – firmly derailing the Trump rally which brought investors $3 Trillion in gains, Brazil’s index finds itself down 14% after hours on rumors that the chairman of meatpacking giant JBS SA covertly recorded a conversation with Brazilian President Michael Temer – allegedly discussing hush money payments to a jailed politician in exchange for silence.

O Globo newspaper also reported that JBS Chairman Joesley Batista and his brother Wesley Batista played the recording for prosecutors as part of a plea bargain, and the meatpacking giant had also hired a law firm to discuss a deal with US authorities for leniency.

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One comment

  1. sarcrilege

    Brazil is no more/less corrupt than the rest of south america. Or even USA. Brazil just doesnt hide it as well as US.

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