Batista Faces Trial as Brazilian Middle Class Watches
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When a Rio de Janeiro prosecutor pressed criminal charges against Eike Batista in mid-September, the former billionaire decided to let off steam by breaking a yearlong public silence and give some interviews.
It was a “giant blow” to become middle class again, he told newspaper Folha de S. Paulo on Sept 17. Like the 58-year-old entrepreneur’s business strategy, the move backfired spectacularly.