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Police Seize Lamborghini From ‘Negative Billionaire’ Batista

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

Blake Schmidt

February 6, 2015, 2:17 PM UTCUpdated onFebruary 6, 2015, 4:49 PM UTC

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.