SAO PAULO, June 13 Brazil's securities regulator
on Tuesday ordered former billionaire Eike Batista to pay 21
million reais ($6.3 million) for stock trading based on insider
information about his shipbuilding company OSX Brasil SA
The regulator, known as the CVM, said Batista had sold OSX
shares before public release of information that triggered a
sharp selloff on the Sao Paulo stock exchange.
OSX filed for bankruptcy protection in 2013 as Batista's EBX
energy, mining and logistics empire missed key performance
targets, raising questions about its financial health.
Batista, whose fortune was once estimated at $30 billion,
making him the world's seventh richest person, was jailed in
January for allegedly bribing the governor of Rio de Janeiro
state and left prison in April on house arrest.
He is not related to the Batista family controlling JBS SA
, the world's largest meatpacker, which was at the
center of a separate corruption scandal last month.
($1 = 3.31 reais)
(Reporting by Aluisio Alves)