Brazilian Police Search
House of Mining
Billionaire
Brazilian Federal Police
searched the home and
offices of the country's
mining billionaire Eike
Batista on Friday for
evidence of suspected
fraud and tax evasion.
In an operation
code-named Midas Touch,
the federal police were
investigating as part of
a probe into alleged
irregularities in the
concession of an iron
ore transport train in
Amapa in northern
Brazil.
The offices of Batista's
company MMX and that of
his alleged associates
in Amapa have been
searched by the federal
police.
Police said that they
have discovered strong
evidence related to tax
evasion by the company.
Batista, 51, owns a
fortune estimated at 6.6
billion U.S. dollars in
iron ore, gold, oil and
gas extraction. He
ranked 142ndon Forbes
list of the richest men
in the world. |
