UPDATE 2-JBS shares drop as Brazil police probe loans to meatpacker

BRASILIA, May 12 (Reuters) - Brazil federal police are investigating suspected fraud in loans by state development bank BNDES to JBS SA, a police source said on Friday, sending shares of the world's largest meat processor lower after a series of scandals.

by reutersCOMPANYNEWS via Endless Supplies .Biz - News