FIRST AIRED: January 26, 2017

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00:00:02
>> Eike Batista, once considered Brazil's richest man, now on the run. Brazilian authorities issuing an arrest warrant Thursday as part of a vast political bribery probe. Brazilian police saying Batista boarded a plane earlier this week from Brazil to New York on a German passport, and was later joined by his wife and child.
00:00:20
Though it's unclear if and where they traveled afterward. Interpol is now joining the international manhunt. Reuters correspondent Brad Hanes from Sao Paolo.>> Eike Batista has made frequent visits in the past to the United States, which has a formal extradition treaty with Brazil. But he has closer family ties with Germany, which does not have a formal extradition treaty with Brazil.
00:00:43
Although there is a track record of judicial cooperation between the two countries. The consequences for Eike Batista are serious as dozens of politicians and high profile businessmen like him have already been convicted in this sweeping corruption probe. It's turned up billions of dollars in over priced contracts and political kickbacks.
00:01:03
And Batista lacks the college degree that typically allows those convicted of white collar crimes to be separated from the rest of the inmate population in Brazil's crowded and violent prisons.>> The Brazilian tycoon, once worth about $35 billion before the global commodities crash. Now targeted by prosecutors for about $16 million in alleged bribes made to the former state governor of Rio de Janeiro, himself jailed on corruption charges.
00:01:31
Batista is no stranger to shady dealings, having faced insider trading charges in 2014 that now prevent him from holding any corporate leadership positions for five years. Police saying Batista risks becoming a fugitive if he doesn't surrender to authorities Thursday.