LCNN1 - Latino Christian News

Former Brazilian Billionaire Eike Batista Leaves Prison

A Brazilian oil and mining magnate, who was once one of the richest men in the world, has left a notorious prison in Rio de Janeiro for house arrest ahead of a corruption trial.

Eike Batista had an estimated worth of more than $35bn (£27bn) five years ago, but lost most of it as his empire collapsed.

He is accused of bribery and hiding illegal funds offshore, but denies any wrongdoing.

He was arrested in January.

Mr Batista’s lawyers argued that he had been put in prison merely to placate public opinion.

High court judge Gilmar Mendes ruled that Mr Batista could await his trial under house arrest because none of the alleged crimes involved violence or threats to others.

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BBC NEWS

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