'Billionaire' Oil Tycoon Batista Gets 30 Years In Jail | WHAT REALLY HAPPENED


'Billionaire' Oil Tycoon Batista Gets 30 Years In Jail

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 paying US$16.5 million to Cabral in exchange for winning state contracts, including one for the management of the legendary Maracana stadium in Rio and one for the construction of a US$3.7-billion port, Acu.

According to the prosecution, Batista paid a quarter of the bribe to Cabral in cash. The rest came in the form of Petrobras, Vale, and Ambev stock.

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