Joesley will testify in the USA in case involving Bertin – 12/07/2023 – Panel SA

At the request of Joesley Batista, his hearing in the South Florida Bankruptcy Court in the USA was rescheduled for February 5th. The businessman responds to an action that, in practice, attempts to undo the merger of JBS with Bertin, a deal that took place in 2009.

Tinto Holding, an agribusiness company owned by the Bertin family and currently in bankruptcy, demands the recovery of a shareholding in JBS, owned by brothers Wesley and Joesley Batista.

The judicial administrator claims that there was a purchase of Bertin by JBS – and not a merger. Therefore, she filed a lawsuit in the USA.

The transaction would be carried out through share exchanges between the holding companies controlled by the Batista brothers — including J&F — and the Bertin family.

The judicial administrator states that, were it not for the low value paid for the shares, the company would not have been declared bankrupt and would have been able to pay its creditors.

In addition, taxes with interest and fines were charged by the Federal Revenue Service on this amount.
Currently, the National Treasury Attorney’s Office charges Tinto R$5.2 billion for the deal.

It was expected that the first hearing involving the Batistas and the judicial administrator would take place on December 13th. However, at the request of Joesley Batista, his appearance at the South Florida Bankruptcy Court was rescheduled for February 5th.

With Diego Felix

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