Former Billionaire Batista Sought by Brazil Police in Graft Case

Former billionaire Eike Batista became one of the targets of a police investigation into money laundering in the state of Rio de Janeiro, signaling Brazil’s largest corruption probe continues to expand.

Brazil’s federal police was serving nine preventative arrest orders and several search warrants Thursday morning as part of an investigation into a money laundering scheme worth $100 million, it said in a statement. The public prosecutor’s office confirmed in a separate statement it had an arrest warrant for Batista. Police will give more details at a press conference at 10:30 a.m. local time.

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