‘Billionaire’ Oil Tycoon Batista Gets 30 Years In Jail

Authored by Irina Slav via OilPrice.com,

One of Brazil’s richest men, Eike Batista, has received a 30-year prison sentence for bribes given to the former governor of Rio de Janeiro, Sergio Cabral, Reuters reports, citing a federal court document. Cabral was also convicted.

The federal court found Batista – whose business was mainly in oil and metals – guilty of