News Formal

Brazilian ex-billionaire fined US$134 million for insider trading | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Brazilian ex-billionaire fined US$134 million for insider trading

Brazilian tycoon Eike Batista was jailed 30 years for corruption and money laundering. – EPA pic, May 28, 2019.

EIKE Batista, once the richest man in Brazil, was fined around US$134 million for insider trading, the securities commission said yesterday, as the ex-billionaire remains under house arrest pending an appeal against a 30-year jail sentence. Apart from the fine, the 62-year-old also was banned for seven years from running a publicly traded company.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Local investors wait and see as US-China trade war heats up | The Malaysian InsightCompanies are unable to plan ahead due to uncertainties both in the global and local markets.
Source: msianinsight - 🏆 8. / 63 Read more »