BRASILIA, Sept. 21 (Xinhua) -- Brazil's federal police sent to the prosecutor-general on Thursday its conclusions on the case against Joesley and Wesley Batista, the owners of JBS, the world's largest meatpacking company, who are accused of illicit financial operations.
The conclusion of this investigation makes it likely the prosecutor-general will file criminal charges against the Batista brothers, currently being held in jail in Sao Paulo.
Joesley and Wesley are accused with market manipulation and the unlawful use of privileged information. The brothers presented evidence of corruption by President Michel Temer and are believed to have sold shares in their company before the scandal broke, knowing JBS share prices would drop.
Joesley secretly recorded a meeting with Temer in March, in which he seemingly negotiated to pay bribes to the president and obtained his approval to bribe other public officials.
President Temer has denied the corruption charges.
Knowing the contents of the recording would be leaked, the Batista brothers sold shares in JBS worth millions, as well as selling futures in U.S. dollars.
It is expected charges will be filed against both men before the end of September.
