This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.bbc.co.uk/news/world-latin-america-44703088

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Eike Batista: Brazilian ex-billionaire jailed for bribery Eike Batista: Brazilian ex-billionaire jailed for bribery
(35 minutes later)
A Brazilian oil and mining magnate, who was once one of the richest men in the world, has been sentenced to 30 years in jail after a corruption trial.A Brazilian oil and mining magnate, who was once one of the richest men in the world, has been sentenced to 30 years in jail after a corruption trial.
Eike Batista had an estimated worth of more than $35bn (£27bn) six years ago, but lost most of it as his empire collapsed.Eike Batista had an estimated worth of more than $35bn (£27bn) six years ago, but lost most of it as his empire collapsed.
He was found guilty of bribing former Rio de Janeiro governor Sergio Cabral.He was found guilty of bribing former Rio de Janeiro governor Sergio Cabral.
Batista paid more than £16bn to foreign bank accounts held by Mr Cabral in exchange for contracts with Rio State. Batista paid more than £16m to foreign bank accounts held by Mr Cabral in exchange for contracts with Rio State.
Analysis: Daniel Gallas, BBC South America Business CorrespondentAnalysis: Daniel Gallas, BBC South America Business Correspondent
Eike Batista was once the symbol of a bold, booming Brazil.Eike Batista was once the symbol of a bold, booming Brazil.
A self-made billionaire, his empire stretched from mining to oil and public works.A self-made billionaire, his empire stretched from mining to oil and public works.
A flashy maverick with taste for expensive cars and a lavish lifestyle, he was also an inspiration for a generation of young Brazilian entrepreneurs.A flashy maverick with taste for expensive cars and a lavish lifestyle, he was also an inspiration for a generation of young Brazilian entrepreneurs.
But it all proved to be not more than an illusion. Many of his ambitious infrastructure projects were poorly planned and failed to come to fruition.But it all proved to be not more than an illusion. Many of his ambitious infrastructure projects were poorly planned and failed to come to fruition.
And then there was corruption. It was revealed much of his empire was built through personal links with corrupt officials at the top.And then there was corruption. It was revealed much of his empire was built through personal links with corrupt officials at the top.
Now he is the symbol of a different kind of Brazil: one that is deep economic trouble but is trying to tackle years of corporate corruption.Now he is the symbol of a different kind of Brazil: one that is deep economic trouble but is trying to tackle years of corporate corruption.
Who is Eike Batista?Who is Eike Batista?