Ex-Billionaire Batista’s Bank Accounts Frozen – ValueWalk Premium
Eike Batista

Ex-Billionaire Batista’s Bank Accounts Frozen

A federal judge in Rio de Janeiro ordered the freezing of the personal bank accounts of Brazilian businessman Eike Batista to the extent of $640 million as a preventive measure after he was accused of financial-market crimes.

Batista’s commodities empire collapsed last year, led by flagship Oleo e Gas Participacoes SA (BVMF:OGXP3) (OTCMKTS:OGXPY), formerly known as OGX.

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