Pursuits

Police Seize Lamborghini From ‘Negative Billionaire’ Batista

Eike Batista in Beverly Hills, California.
hotographer: Jonathan Alcorn/Bloomberg

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By Blake Schmidt

February 6, 2015 at 2:17 PM UTC

Updated on

February 6, 2015 at 4:49 PM UTC

This article is for subscribers only.

Authorities raided billionaire Eike Batista’s mansion in Rio de Janeiro this morning, impounding seven vehicles, his mobile phone and 90,000 reais in cash, among other assets, according to a police spokesman.

The action came after Brazilian federal judge Flavio Roberto de Souza this week ordered the seizures of financial assets of Batista, two of his sons, his ex-wife and the mother of his third child in his trial for alleged insider trading and market manipulation.