JBS USA has this to say on their webpage: “Headquartered in beautiful Greeley, Colorado, JBS® USA processes, prepares, packages and delivers fresh, further-processed and value-added beef, pork, and poultry products for sale to customers in more than 105 countries on six continents.” “Through determination, discipline, simplicity, years of hard work and a few acquisitions along the way, JBS has grown from a small, family-owned business into the world’s leading provider of quality meat protein, leather and sustainable co-products.”
You’ll no doubt notice there is nothing in their list of characteristics to hint of developing the corporation within the laws. Now, their activities have triggered some questions. According to several news sources, including New York Daily News, Colorado business JBS USA Food Company Holdings (and its corporate kin) may be getting a new level of attention.
Rubio, the chairman of the Senate Foreign Relation Committee’s panel on transnational crime, urged Treasury Secretary Steven Mnuchin in a letter to have his department begin a formal review of how JBS SA has been able to become one of the biggest players in the U.S. food industry, even though its notoriously corrupt owners have admitted to bribing thousands of Brazilian officials, done business with Venezuela and relied on financing tied to China’s authoritarian government.
Rubio’s letter, which was co-signed by Senate Foreign Relations Committee Ranking Member Bob Menendez (D-N.J.), stressed that Mnuchin should use his authority to look into whether JBS’s American foray was illegal, since it has admitted to using illicit funds to establish its main U.S. subsidiary, Colorado’s JBS USA….
JBS, which is already under Justice Department investigation for potential violations of the Foreign Corrupt Practices Act, has been able to expand in the U.S. with help from President Trump’s Agriculture Department,
Seems as if there are questions about the initial investments AND the $62 million in tariff bail-out subsidies. If the Treasury Department is not too busy, perhaps we’ll find out a bit more about the expansion and the character of one of our corporate citizens.