Brazil’s billionaire beef barons, who were once at the center of a corruption scandal, have made a surprising return to the country’s cattle industry. The individuals, known for their vast wealth and influential connections, were previously embroiled in a major bribery scheme that led to several high-profile arrests and convictions.
Now, they seem to be back in business, with many of them having regained control of their farms and ranches. This has raised concerns among critics who argue that the wealthy elite are using their influence to undermine efforts to reform the industry’s corrupt practices.
The return of these billionaires has also sparked debate about the role of politics in the cattle industry, with some arguing that it is crucial for ensuring fair treatment of workers and protecting the environment. As the situation unfolds, one thing is clear: the comeback of Brazil’s billionaire beef barons is a story worth watching closely.
Source: https://www.ft.com/content/d293237e-e39f-4f4c-89e7-4c52cf937f6b