A senior lawmaker on the House Foreign Affairs Committee is urging the Trump administration to investigate potential national security risks associated with JBS’s attempt to list shares on the New York Stock Exchange.
Representative Joe Wilson (R-SC) says the meat processor’s long list of criminal investigations in the U.S. and Brazil should raise alarm. The allegations include bribery, price fixing, and the purchase of illegally sourced cattle from the Amazon.
JBS is currently finalizing its listing plan, which will be determined by shareholders. It could be on the NYSE next month.
JBS is the world’s largest meat processor.
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