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_Hockey pic.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/nLKdohVb9d pic.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.