brazil court freezes 55m of tycoon batista\s assets
Monday 7 July 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Brazil court freezes $55m of tycoon Batista\'s assets

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Brazil court freezes $55m of tycoon Batista\'s assets

Sao Paulo - AFP

A Brazilian court froze some $55 million in assets of troubledBrazilian tycoon Eike Batista, as part of an investigation into insider trading, hislawyers said Friday.Once Brazil's richest man, Batista made a huge fortune in oil and gas exploration,but has lost much of it as his EBX Group companies' shares plunged in 2013 and 2014.The investigation began with a report from the securities commission that "pointedthe finger at the practice of 'insider trading,'" his lawyers said in a statement.On the basis of that report, federal prosecutors asked the courts to block 122million reais ($55 million) in Batista's assets in several banks.The securities commission also alleged other infractions, including failure to informthe markets appropriately that reserves owned by Batista's Oleo and Gas Participacoes SA -- an oil and gas group formerly known as OGX -- were smaller thanexpected."Mr Batista denies once again the practice of any wrongdoing and will appeal," hislawyers said.The decline of EBX started in mid-2012, when OGX announced its oil productionwould be barely 25 percent of what had been expected.

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*

brazil court freezes 55m of tycoon batista\s assets brazil court freezes 55m of tycoon batista\s 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*

brazil court freezes 55m of tycoon batista\s assets brazil court freezes 55m of tycoon batista\s assets

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 11:14 2017 Saturday ,22 July

Smiley face found on ancient pot in Turkey

GMT 00:49 2017 Friday ,13 January

Meet Cats choreographer Gillian Lynne

GMT 09:57 2016 Tuesday ,08 November

Marks and Spencer: To shut 100 stores in overhaul

GMT 06:37 2012 Wednesday ,21 March

Toxins found in cheap jewellery

GMT 10:30 2015 Monday ,02 March

Designer to the stars dresses disabled catwalk

GMT 08:57 2017 Wednesday ,10 May

Counter terrorism strategies should be compliant

GMT 20:48 2017 Wednesday ,22 March

Sisi reiterates Egypt's support for Lebanon

GMT 06:59 2017 Sunday ,22 October

Philippines' Duterte says he will shoot criminals

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 09:36 2018 Wednesday ,10 January

Iran investigates death of young man in custody

GMT 08:51 2017 Tuesday ,15 August

HAAD implements next stage of healthcare reforms

GMT 20:22 2017 Monday ,27 November

Army attacks Saudi-paid mercenaries’ sites in Marib

GMT 08:56 2017 Thursday ,13 July

Reasons of price increase of services

GMT 08:13 2017 Sunday ,13 August

Abdul Hussain Abdul Redha passes away
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice