Brazilian meat companies lost BRL4.78 billion ($1.52 billion) in market value

Brazilian meat companies lost BRL4.78 billion ($1.52 billion) in market value from March 16 through April 17 after the Federal Police announced “Operation Weak Flesh,” according to consultancy firm Economatica. News about the investigation into a corruption scheme involving public sanitary inspectors and some Brazilian meat processing plants on March 17 prompted many countries to temporary halt Brazilian imports. Brazil's Federal Police has charged 63 people for participation on Saturday (15).