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3 March 2015
Brazil judge suspended over tycoon's Porsche
{Brazilian businessman Eike Batista (centre) at the start of his trial on insider dealing. Photo: November 2014}Eike Batista (centre) was once Brazil's richest person
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A judge in Brazil has been suspended from a high-profile case against Eike Batista, a tycoon who is accused of insider trading, officials say.
Flavio Roberto de Souza was deemed unfit to continue because he was caught driving home in Mr Batista's Porsche.
The judge said police had no appropriate place to park the car - confiscated by his own order - so he took it home for safe keeping.
The judge's decisions in the case are now annulled, meaning a likely retrial.
{A number of cars - including luxury models - have been confiscated from
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Eike Batista. Photo: 6 February 2015}A number of car belonging to Mr Batista have been confiscated by a court order
A new judge is expected to be appointed in the case, which began last November.
Mr Batista was once Brazil's richest person, with an estimated $30bn (f20bn) fortune.
He is accused of manipulating market charges in the sales of shares of two of his companies. He has denied wrongdoing.
If convicted, he faces up to 13 years in prison.
Daniel Sabba
Key Client Partners
Deutsche Bank Securities Inc.
Unbelievable!!