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CEO of Brazil’s JBS Is Arrested in New Twist of Scandal at Meatpacker

SÃO PAULO—The two Brazilian brothers behind the world’s largest meatpacker were in jail on Wednesday facing accusations they illegally profited from an earlier plea deal that let them skirt prison time for bribing nearly 2,000 politicians.

The Federal Police—Brazil’s equivalent to the FBI—on Wednesday arrested Wesley Batista, CEO of JBS SA, saying he and his brother, former chairman Joesley Batista, dumped the company’s shares and stockpiled U.S. dollars before the deal they reached with prosecutors in April became…

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