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Eike Batista’s Empire is No More, but Where Has All the Money Gone?

RIO DE JANEIRO, BRAZIL - A lawsuit that blocked R$778 million (US$195 million) from Thor Batista, son of Eike Batista, tries to trace the path of resources that the former businessman sent abroad.

The lawsuit, filed by lawyer Bernardo Bicalho, administrator of mining company MMX, aims to ensure full repayment to creditors of the company under judicial reorganization, but also fulfils another function: that of revealing offshore accounts in tax havens that would play the . . .

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