Feds Raid Batista Offices in Rio

Brazil’s federal police raided the offices of Eike Batista in Rio de Janeiro, saying the natural resources magnate and several of his executives were being investigated their potential role in a corporate fraud scheme, local news outlets reported Friday. The initial searches of the so-called Operation Midas Touch, however, didn’t yield any immediate evidence that Batista or MMX executives were involved in an alleged bribery aimed at benefiting the company, one local paper reported.