Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / World News / Eike Batista, one of Brazil's richest mired in corruption scandal
  • World

    Eike Batista, one of Brazil's richest mired in corruption scandal

    Vaneet Randhawa
    Written by
    Vaneet Randhawa
    Mail
    Last updated on Jan 28, 2017, 07:00 am
    Eike Batista, one of Brazil's richest mired in corruption scandal
  • The Brazilian police issued warrant against Eike Batista, Brazil's best known businessmen for failing to turn himself in as part of a corruption probe.

    Eike Batista one of Brazil's richest man - was amongst 9 people under a $100m corruption scandal.

    He allegedly paid $16.5m (£13m) in bribes to Sergio Cabral, former Rio governor to win government contracts.

  • In this article
    Who is Eike Batista? Eike Batista loses his massive fortune Batista's stunt to regain glory Batista's previous legal troubles Eike Batista, one of Brazil's richest mired in corruption scandal
  • Introduction

    Who is Eike Batista?

    Who is Eike Batista?
  • Eike Batista is one of the leading businessmen of Brazil and was seen as "the face of Brazilian capitalism".

    Often known to be bold, and charismatic, his fortune flourished during the commodities boom in Brazil.

    His 'Grupo EBX' conglomerate deals in mining, oil, shipbuilding and logistics.

    It was once reported that Batista had a gross wealth of $34 billion.

  • Batista's losses

    Eike Batista loses his massive fortune

    Eike Batista loses his massive fortune
  • In 2008, Eike Batista's company raised close to $3.6 billion in a public offering for his oil company OGX.

    At that point Brazil's economy was picking up and Batista boasted that one day he will be the world's richest man.

    However, Batista's fortunes were severely compromised in 2013, as his company sought bankruptcy protection after producing a meagre fraction of the oil than promised.

  • Do you know?

    Batista's stunt to regain glory

  • Eike Batista who is known to have splurged all his wealth, once threw gold coins worth £130,000 into the sea off of Rio de Janeiro trying to regain his lost glory by appeasing 'the Queen of the Sea'.

  • 2014-2015

    Batista's previous legal troubles

    Batista's previous legal troubles
  • Previously, Batista faced legal troubles in 2014 for insider trading and stock market manipulation.

    However, in February 2015 the case was temporarily suspended after the judge presiding the case was captured on film driving Mr. Batista's seized Porsche.

    After the removal of the judge off the case, in November 2015, Batista was barred from "serving as a corporate officer for five years."

  • 28 Jan 2017

    Eike Batista, one of Brazil's richest mired in corruption scandal

    Eike Batista, one of Brazil's richest mired in corruption scandal
  • The Brazilian police issued warrant against Eike Batista, Brazil's best known businessmen for failing to turn himself in as part of a corruption probe.

    Eike Batista one of Brazil's richest man - was amongst 9 people under a $100m corruption scandal.

    He allegedly paid $16.5m (£13m) in bribes to Sergio Cabral, former Rio governor to win government contracts.

  • Brazil
  • Rio de Janeiro
  • Porsche
  •  
Latest News
  • Delhi Budget 2021: Rs. 16,377 crore allocated for education
    Delhi Budget 2021: Rs. 16,377 crore allocated for education
    Delhi
  • Indian Super League: Finalists Mumbai City FC's campaign in numbers
    Indian Super League: Finalists Mumbai City FC's campaign in numbers
    Sports
  • 'Gangubai Kathiawadi': Maharashtra Congress MLA wants movie's title changed
    'Gangubai Kathiawadi': Maharashtra Congress MLA wants movie's title changed
    Entertainment
  • Ola's factory will produce an electric scooter every two seconds
    Ola's factory will produce an electric scooter every two seconds
    Business
  • Unbreakable records held by world number one Novak Djokovic
    Unbreakable records held by world number one Novak Djokovic
    Sports
Trending Topics
National Aeronautics and Space Administration Coronavirus
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love World news?

Subscribe to stay updated.

World Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman Football News
BMW Vaccine Reliance Jio OPPO Amazon Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips West Bengal Elections
Mercedes Kane Williamson Nawazuddin Siddiqui Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers
Neha Kakkar Premier League Big Bang Theory X-Men
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021