Quite likely several top Brazilian politicians are his occult partners which explains BNDES, Caixa and other government controlled banks postponing due payments, canceling fines, keep his companies listed in BOVESPA and other maneuvers. Believe me, they are doing everything they can. The BOVESPA listing is the only reason they are still afloat because it forces funds tracking the BOVESPA, such as EWZ, to buy this #$%$. Brazil is one of the most corrupt countries in the world and you will be robbed if you go there or invest there.
Brazilieiros are such wonderful people, and Batista on Pete Rose said that they are open for business. How can you say they are corrupt? Isn't true that no Lehman Brothers, Goldman Sachs or BAC people have been put in prison for scheming CDO's and selling worthless junk to the greater fool around the world.