Brazil appeals judge lifts temporary arrest of former billionaire Eike Batista

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FILE PHOTO: Former billionaire Eike Batista arrives at the Federal Police headquarters in Rio de Janeiro, Brazil, Brazil, August 8, 2019. REUTERS/Ueslei Marcelino

A Brazilian appeals court judge has ordered the release of mining and oil magnate Eike Batista, revoking a temporary prison order that was going to expire on Monday. He was initially arrested on suspicion of money laundering and insider trading after federal prosecutors identified $203 million in illicit transactions. The arrest was only set up to disrupt Batista’s defense strategy.

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