prosecutors seek to freeze brazilian tycoons assets
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Prosecutors seek to freeze Brazilian tycoon's assets

Arab Today, arab today

Arab Today, arab today Prosecutors seek to freeze Brazilian tycoon's assets

Eike Batista
Rio de Janeiro - AFP

Prosecutors said Saturday they are seeking to freeze up to 1.5 billion reais ($635 million) in assets of Eike Batista, once considered Brazil's richest man, accusing him of market manipulation and insider trading.
The tycoon's financial assets, houses, apartments, cars, ships and planes, as well as assets placed in his wife and children's names after the alleged crimes occurred, would be affected, the Rio de Janeiro prosecutor's office said.
"The entrepreneur is accused of market manipulation and undue use of privileged information," a statement said.   
Prosecutors Rodrigo Ramos Poerson and Orlando Monteiro da Cunha said a court will decide whether to try Batista, who faces up to 13 years in prison if convicted.
Batista denied the allegations under questioning by police, his lawyers Raphael Mattos and Ary Bergher told the G1 news site.
"This effectively has not the least basis in evidence," Mattos was quoted as saying.
Batista was considered Brazil's richest man with a fortune estimated at $30 billion in 2012, before his mining and energy empire began to unravel.
His OGX oil company sought bankruptcy protection in October 2013 after admitting it could not meet its production goals.
The crisis affected other companies in his EBX Group conglomerate and by late last year his net worth was valued at less than $100 million.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

prosecutors seek to freeze brazilian tycoons assets prosecutors seek to freeze brazilian tycoons assets

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

prosecutors seek to freeze brazilian tycoons assets prosecutors seek to freeze brazilian tycoons assets

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday