IKN

full of sound and fury, Signifying nothing

Hands up all those readers who remember Brazilian o&g/mining magnate Eike Batista

  • He of selling bigtime iron ore deposits to Anglo.
  • He of the oil and gas company OGX with the 100% hit rate on drilling its prospects
  • He who bought Ventana Gold in Colombia
  • He who was once in the world’s top 10 of rich people and with the stated ambition to be number one.
  • And he who is now bankrupt, of course.

Here’s the very latest on Eike, hot off the presses this morning

“Businessman Eike Batista and seven other executives of OGX were today charged by the Sao Paulo Federal Court, accused of the crimes of fraud, conspiracy and deliberate misleading of investors with false information related to the dissemination of information considered highly optimistic regarding potential oil reserves of the company that were later revealed to be unfounded.”

continues here. H/T Vinncent

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