Billionaire Eke Batista Down One Yacht, One Speedboat, Buncha Jet Skis

The police are just going to hang onto these things 'til the whole insider trading business is worked out.
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Brazilian police seized a yacht and other aquatic toys owned by former billionaire Eike Batista, five days after raiding the tycoon’s mansion in Rio de Janeiro. Federal police in Rio de Janeiro said in an e-mailed statement that they apprehended a yacht, three jet skis and a speedboat owned by Batista. Photos showed the confiscated assets included a Batista boat called Spirit of Brazil. The action came after Brazilian federal judge Flavio Roberto de Souza last week ordered the seizure of all financial assets in Brazil, as well as real estate worth as much as 1.5 billion reais ($542 million), belonging to Batista, his sons Thor and Olin, former wife and carnival queen Luma de Oliveira, and lawyer Flavia Sampaio, the mother of his third son. Batista is on trial for alleged insider trading and market manipulation. [Bloomberg]

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