Brazilian construction company Odebrecht paid 7.3 million reais ($2.3 million) in bribes to gain contract for the iconic Maracana Stadium here ahead of the 2014 World Cup, the Supreme Court was told.
In the confessions released by the Supreme Court on Tuesday, Odebrecht's head of structural operations, Benedito Barbosa da Silva Junior, admitted to paying $2.02 million to former Rio Governor Sergio Cabral, who was arrested in November for corruption.
The rest of the money was paid to members of Rio de Janeiro's state accounts court, an institution authorised to guarantee that public contracts are assigned legally.
Former Odebrecht executives Marcos Vidigal do Amaral, Leandro Andrade Azevedo and Joao Borba stated in their testimonies that Jonas Lopes, the president of the state accounts court, received $320,000 in bribes.
They also said the Maracana contract was rigged so that Odebrecht would carry out the work alongside with two other companies on the orders of Cabral.
The remodelling of Maracana, one of the most famous football stadiums in the world, was carried out ahead of the 2014 World Cup.
The initial budget for the project was set $225 million but rose to over $384 million in the end.
--IANS
py/vm
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
