Batista’s Bank Accounts Said to Only Cover Daily Expenses

Former billionaire Eike Batista only has enough money in his bank accounts to cover “day-to-day expenses,” according to Sergio Bermudes, one of his lawyers.

Bermudes said a judge ordered as much as 1.5 billion reais ($642 million) of Batista’s bank accounts frozen as a preventive measure after federal prosecutors in Rio de Janeiro state accused him of financial-market crimes and requested his assets be blocked.