Brazilian tycoon Batista investigated for financial crimes -reports


  • World
  • Saturday, 19 Apr 2014

RIO DE JANEIRO (Reuters) - Brazil´s federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.

If the police probe leads to criminal charges against Batista, it would be yet another major blow for a businessman once hailed as Brazil's model entrepreneur and symbol of its economic success.

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