Rio Court Sentences Eike Batista to Eight Years and Seven Months Imprisonment

The entrepreneur has been sentenced to eight years and seven months in prison, and to pay a fine of R$83 million (US$21 million) for using privileged information and for market manipulation in negotiations with assets of OSX.

RIO DE JANEIRO, BRAZIL - Entrepreneur Eike Batista has been sentenced to eight years and seven months in prison, and to pay a fine of R$118.6 million (US$29.7 million) for using Subscribe to our Premium Membership Plan. Already Subscribed?