Hamburg / Brasilia – Just two years ago was Eike Batista as one of the richest men in the world – now he stands before the ruins of his former existence. After last year his oil company OGX has filed for bankruptcy, the German-born entrepreneur has now probably also responsible to court: The Brazilian prosecutor brought a charge of market manipulation against Batista.
As the prosecutor’s office in Rio de Janeiro announced that the authorities want to freeze assets Batista over the equivalent of almost 500 million euros. With the money swindled investors should be compensated.
Batista is alleged to have deceived investors with a false promise of two years ago. The entrepreneur had offered the prospect of one billion U.S. dollars to invest in OGX, when their share price should fall to a certain level. But when it came, Batista did not mind.
In addition, the former billionaire is accused of having pocketed using insider knowledge converted 78 million euro profit by selling OGX shares. If convicted, he faces up to 13 years in prison. A EBX representatives declined to comment on the indictment not . Batista has in the matter repeatedly denied any wrongdoing
Batista’s mother is from Germany, he once studied in Aachen mining, broke his studies but. After his return to Brazil he supplied the prospectors in the Amazon with machines – a profitable business on which he later built an international business empire.
Under President Luiz Inácio Lula da Silva Batista rose to become the richest man in Brazil, the former head of state praised him as a model for entrepreneurship in the country. Other politicians like to show with golden boy who likes to mock the rest of the business elite of the country.
But since had to apply the centerpiece of its corporate group bankruptcy protection in October last year with OGX, Batista’s crumbling empire – and with it the private wealth of the 57-year-olds. Only recently had notverkaufen Batista his white Lamborghini. Last year he had repelled a helicopter and three private jets and the legendary luxury Hotel Gloria in Rio de Janeiro, among others.
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