Brazilian Police Raid Olympic Site on Fraud Allegations

Olympics News

On Tuesday, Brazilian police conducted a raid on the builders of Deodoro, the second-biggest Olympics sports complex in Rio de Janeiro, on suspicions of fraud. A temporary stadium located in northern Rio, Deodoro is set to host rugby, equestrian, and the penthalon in the Summer Games.

From Bloomberg:

Queiroz Galvao and OAS won the tender for the Deodoro works with their bid of 644 million reais ($186 million). The fraud is equivalent to as much as 85 million reais, according to the ministry’s statement.

The Comptroller General’s Office found over-billing, falsification of receipts, and the hiring of a shell company to simulate transport and disposal of material required for works, according to a statement from Brazil’s Ministry of Transparency, Oversight and Control. The consortium of the two builders said higher costs were justified.

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