Brazilian judge orders release of ex-billionaire Batista
Published Date: 8/11/2019
Source: news.yahoo.com
A Brazilian judge ordered the release of ex-billionaire Eike Batista late Saturday after he was detained for violating the terms of his house arrest, local media reported. On Thursday the 62 year-old Batista, who had been under house arrest pending an appeal of a 30-year jail sentence, was arrested in Rio de Janeiro on suspicion of insider trading and money laundering, the news portal G1 said. An emblem of Brazil's boom years, Batista amassed a fortune with investments in mining and oil that in 2012 put him in seventh place on Forbes's list of the world's wealthiest.