BRASILIA: Brazil federal prosecutors have filed criminal charges against Eike Batista, accusing the fallen tycoon of market manipulation and seeking to freeze up to 1.5 billion reais (US$641mil) worth of his financial assets and properties.
The Rio de Janeiro prosecutor’s office said on Saturday it is charging Batista for deceiving investors with a “simulated” promise two years ago to invest US$1bil in oil company OGX, now known as Oleo e Gas Participacoes SA, if shares fell to a certain level. Batista failed to fulfill his promise, known as a put option, when the shares touched that level.
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