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Corruption probe halts state funding for Rio Olympic construction

Corruption probe halts state funding for Rio Olympic construction
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By Euronews
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A court in Brazil has blocked funding for the construction of an Olympic venue on suspicion of corruption.

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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>&mdash; 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>&mdash; 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.

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