Pursuits
Ex-Billionaire Batista Has $63 Million Frozen by Judge
- Cayman Island judge’s order disclosure follows U.S. lawsuit
- Eike Batista entangled in Brazil’s biggest corruption scandal
Eike Batista
Photographer: Jonathan Alcorn/BloombergThis article is for subscribers only.
Former Brazilian billionaire Eike Batista had $63 million of his assets frozen by a judge in the Cayman Islands at the request of two U.S. investors in his failed oil-exploration businesses.
Justice Ingrid Mangatal, of the Cayman Islands’ Grand Court, ruled in October that Meridian Trust Co. and American Associated Group Ltd. presented enough evidence to warrant the asset-freeze order. Mangatal’s ruling was unsealed on Tuesday.