Former billionaire Eike Batista arrives at the Federal Police headquarters in Rio de Janeiro, Brazil, Brazil, August 8, 2019. REUTERS/Ueslei Marcelino
RIO DE JANEIRO (Reuters) - Police in Brazil on Thursday arrested Eike Batista, the charismatic mining and oil magnate who was once the country's richest man, on suspicion of money laundering and insider trading.
Police and prosecutors said in statements that they arrested the eccentric former billionaire in Rio de Janeiro on a temporary basis. They also executed search warrants at the houses of a former executive at one of his firms, and the residences of Batista's sons, Thor and Olin.
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