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Montevideo, October 19th 2021 - 12:05 UTC

Tag: Carwash

  • Thursday, October 3rd 2019 - 09:43 UTC

    Brazil's ex richest man receives additional sentence for inside trading

    Batista, 62, had already been convicted for paying US$ 16.6m to get government contracts,  and sentenced to 30 years, which he is serving under house arrest.

    Eike Batista, formerly Brazil’s richest man, was sentenced to an additional eight years and seven months of prison time this week for insider trading. Batista, 62, had already been convicted for paying US$ 16.6m to get government contracts as part of a sprawling corruption probe known as Carwash and sentenced to 30 years, which he is serving under house arrest.