Significance: The arrest of Batista and Ricardo Saud, a top executive at J&F Investimentos, the holding company that controls JBS, is a welcome development for President Michel Temer. Accused of lying and omitting information to prosecutors in the plea-bargain deal that implicated the president, Batista and Saud’s immunity has now been suspended. In order to prevent the agreement from being scrapped completely, J&F and its executives are reportedly discussing new terms with prosecutors, including raising the fines the company is willing to pay.
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