OPERATION CAR WASH INVESTIGATION
Police seek fallen Brazilian billionaire Batista for corruption
Brasilia — Brazilian police and federal prosecutors issued on Thursday a detention order against former billionaire Eike Batista and eight others amid a series of raids related to the country’s biggest corruption probe. The police said Batista and others had allegedly taken part in a $100m money-laundering ring being investigated in a larger probe known as Operation Car Wash. The searches had taken place in Rio de Janeiro, the police said. According to news channel GloboNews, police raided Batista’s home in an upscale suburb of Rio, but failed to find him there. GloboNews quoted unnamed lawyers representing Batista as saying he was travelling and planned to turn himself in on his return. According to the police, a "great deal" of the $100m laundered by the scheme has already been repatriated to Brazil. Once Brazil’s richest man, with a fortune calculated at about $35bn less than five years ago, Batista has been hard hit by the crash in Brazil’s decade-long commodities boom, which le...
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