Brazilian police said they seized seven cars, including a white Lamborghini, and $32,490 in cash, computers, watches and other items on Friday from embattled oil and mining tycoon Eike Batista, who is on trial for insider trading in Rio de Janeiro. Batista resigned as chairman of Oleo E Gas Participações SA, the flagship firm in his once-expansive EBX conglomerate on Jan. 27, two months after the trial started. Prosecutors accuse Batista of selling 236 million reais ($85 million) of OGX stock with the knowledge that its offshore oil fields would miss production forecasts. Batista denies selling the stock based on insider information, and says he was legally obliged to sell the stock to pay debt.
