J&F paid R$ 25.9 million to company that bought Toffoli's shares in resort, says newspaper
The J&F group reportedly paid R$ 25.9 million to a company that purchased shares from STF Minister Dias Toffoli's family in a resort in Paraná.
The J&F group, owned by brothers Joesley and Wesley Batista, is under scrutiny for a transaction involving a significant sum of R$ 25.9 million paid to PHB Holding, which purchased the shareholdings of Minister Dias Toffoli's family in the Tayayá resort located in Paraná. This revelation surfaced from a report by O Estado de S. Paulo, highlighting ongoing concerns regarding financial interactions between political figures and business entities in Brazil.
The transaction details are outlined through a report from the Coaf, Brazil's financial intelligence agency, which indicates that J&F made a single transfer to PHB Holding between February 5 and October 6, 2025. The lack of an exact date for the payment raises questions about the nature of the transaction, especially since the shares were purchased by PHB on February 21. This has drawn attention to potential conflicts of interest, considering that the involved parties have historical legal ties, as PHB’s owner, Paulo Humberto Barbosa, has represented the Batista brothers in various tax-related legal matters.
This situation illustrates the deep intertwining of business and political interests in Brazil, further casting a shadow on Minister Toffoli's integrity as well as that of the J&F group. Given the stakes, such financial dealings could ignite public outcry and demand more stringent oversight over how business operations interact with high-ranking officials, potentially leading to broader implications for the Brazilian political landscape, particularly in maintaining transparency and accountability within government roles.