A court in Brazil has blocked funding for the construction of an Olympic venue on suspicion of corruption.
A court in Brazil has blocked funding for the construction of an Olympic venue on suspicion of corruption.
Tomorrow the Hockey test event for
Rio2016</a> will take place in the Deodoro Park <a href="https://t.co/uJL4HxfjiJ">https://t.co/uJL4HxfjiJ</a> <a href="https://twitter.com/FIH_Hockey">
FIH_Hockeypic.twitter.com/f4VIzNR2C6— Olympics (@Olympics) November 23, 2015
State lender Caixa Economica Federal confirmed it suspended payments to a consortium building the Olympic Deodoro complex, where 11 sports including rugby sevens and BMX Biking will be held, after receiving a court order.
Rio #Olympic velodrome delays force cancellation of test event amid corruption scandal. Story on
euronews</a>: <a href="https://t.co/dx7qlNajXh">https://t.co/dx7qlNajXh</a></p>— Hugo Lowell (
hugolowell) March 25, 2016
Prosecutors in Rio claim to have found evidence of fraud in earthmoving services at the complex.
Caixa Econômica eleva juros de financiamento da casa própriahttps://t.co/nLKdohVb9dpic.twitter.com/ZY0On7t9iI
— Jornal Extra (@jornalextra) March 28, 2016
The Deodoro consortium is made up of builders Queiroz Galvão and OAS.
Deodoro Stadium & Youth Arena, built in Deodoro Olympic Park f/
Rio2016_en</a> Olympic Games, were delivered Wed (2). <a href="https://t.co/QSAkR8hbmP">pic.twitter.com/QSAkR8hbmP</a></p>— Brazil Gov News (
BrazilGovNews) March 3, 2016
The two companies are already deeply ensnared in a far-reaching investigation into corruption at state-run oil company Petrobras.
Deodoro is Rio’s second-largest Olympic cluster with nine venues the shooting and equestrian venues are still under construction.