Disgraced Brazilian Tycoon Eike Batista Sentenced to 30-Years for Corruption

By Brad Brooks SAO PAULO, July 3 (Reuters) - Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according to a court document published on Tuesday. Batista's conviction and sentencing by federal judge Marcelo Bretas are the latest in a … [Read more...]

Ex-Billionaire Batista Charged with Financial Crimes in Brazil

By David Biller and Jonathan Levin Sept. 15 (Bloomberg) -- Brazil’s criminal case against former billionaire Eike Batista will be a complex one that may take a year to come to trial and as long as 10 years to be fully resolved, lawyers said. Brazilian federal prosecutors accused Batista of financial- market crimes and are seeking to freeze his assets valued at as much as … [Read more...]

Batista Shipbuilder OSX Offers To Pay Debt In 25 Years

RIO DE JANEIRO, May 16 (Reuters) - Brazil's OSX Brasil SA , the bankrupt shipbuilder controlled by former billionaire Eike Batista, presented a plan to a Brazilian judge on Friday to pay $2.6 billion ($1.2 billion) in debt over 25 years. Under the plan, OSX will start repaying the bulk of its debts after three years, the company said in a statement. It also allows the … [Read more...]

OSX Brasil Board Elects Euchério Rodrigues Chief Executive

RIO DE JANEIRO, Nov 26 (Reuters) - OSX Brazil SA, the shipbuilding company controlled by Brazilian tycoon Eike Batista, said on Tuesday that its board of directors elected Euchério Lerner Rodrigues chief executive officer, a move that comes a day after a judge approved the company's bankruptcy-protection plan. OSX, which operates a shipyard under construction at the Port of … [Read more...]