BRF S.A. pays R$583.97M in leniency agreement with Brazil

BRF S.A. said yesterday that it entered into a leniency agreement with the Controladoria Geral da Uniao and the Advocacia Geral da Uniao. The agreement was the result of an internal investigation process carried out by the company, as of 2018. "The investigation process resulted, during the course of past years, in a series of administrative measures, including the dismissal of former employees involved in the identified illegal practices; improvement of the Company corporate governance and integrity system; voluntary cooperation with Brazilian and foreign authorities, and the negotiation of the Agreement," BRF said in a statement. By means of the agreement, BRF has undertaken the following commitments: to remediate the identified practices and to adopt preventive measures to prevent that such practices could happen again; to pay the total amount of R$583.97M, and to continuously improve its integrity program with the support and monitoring of the CGU.