Brazil's former richest man sought by police in vast corruption inquiry - News Summed Up

Brazil's former richest man sought by police in vast corruption inquiry


Batista’s lawyer Fernando Martins told the G1 news portal that his client was travelling and would surrender to police. Brazil's richest man: the possibilities for Rio's transformation are limitless Read moreBatista – who was once Brazil’s richest man – is being sought for allegedly paying bribes to the former Rio de Janeiro state governor, Sérgio Cabral, apparently to gain an advantage in government contracts. Prosecutor Eduardo El Hage told reporters that Batista paid $16.5m to Cabral in foreign bank accounts. The vast majority of that money, nearly $80m, belonged to Cabral, said prosecutor Leonardo Freitas. “The wealth of the members of the criminal organization led by Mr Sérgio Cabral is an ocean not yet completely mapped,” he told reporters.


Source: The Guardian January 26, 2017 16:28 UTC



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