May 22, 2017 / 3:36 PM / a year ago

Brazil lawmakers considering probe into JBS market trades

BRASILIA, May 22 (Reuters) - Brazilian lawmakers are considering opening a congressional inquiry into the foreign exchange and stock trades of meatpacker JBS SA before markets were rattled by the revelation of a plea deal by the company’s top executives, the head of the DEM party in the lower house, Efraim Filho, told Reuters on Monday.

Brazil’s securities regulator last week launched four new probes against JBS and other companies controlled by J&F Investimentos to investigate suspicious trades. (Reporting by Alonso Soto; Editing by Chizu Nomiyama)

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