IBOV 170,331 ▼ 2.22% IPSA 10,477 ▲ 1.13% IPC MEX 67,713 ▼ 0.84% MERVAL 3,164,196 ▼ 1.86% COLCAP 2,238.99 ▼ 1.13% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.43% USD/MXN 17.30 — 0.00% USD/CLP 893.59 ▲ 0.43% USD/COP 3,564 ▼ 0.64% USD/PEN 3.41 ▲ 0.34% USD/ARS 1,439 ▲ 0.86% USD/UYU 40.36 ▲ 1.76% USD/PYG 6,037 ▲ 1.68% USD/BOB 6.86 ▲ 1.82% USD/DOP 58.04 ▲ 0.59% USD/CRC 456.90 ▲ 3.01% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.64 ▲ 0.49% USD/NIO 36.62 ▲ 0.34% USD/VES 558.97 ▲ 0.43% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.64% USD/JMD 157.19 ▲ 0.93% USD/TTD 6.66 ▲ 0.15% EUR/BRL 5.88 ▲ 0.88% BRENT 94.95 ▼ 2.92% WTI 92.51 ▼ 3.66% IRON ORE 161.91 — — COPPER 6.54 ▲ 0.91% GOLD 4,526 ▲ 2.01% SILVER 74.63 ▲ 1.56% SOY 1,139 ▼ 1.34% CORN 425.75 ▼ 1.33% WHEAT 589.75 ▲ 0.43% COFFEE 251.35 ▼ 0.69% SUGAR 14.15 ▼ 0.63% ORANGE JUICE 171.15 ▲ 1.63% COTTON 76.15 ▼ 0.76% COCOA 3,963 ▼ 2.68% BEEF 241.05 ▼ 2.26% CATTLE 348.53 ▲ 1.72% LITHIUM 82.92 ▼ 2.29% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% BBAS3 19.53 ▼ 1.81% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CSNA3 6.68 ▼ 6.31% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% GGBR4 24.13 ▼ 2.11% ENEV3 24.23 ▼ 4.42% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.46% CMIG4 10.86 ▼ 1.27% EQTL3 39.81 ▲ 1.89% LREN3 14.64 ▼ 5.67% VIVT3 33.75 ▼ 0.15% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 51.56 ▼ 0.94% GMEXICO 210.04 ▼ 1.72% FEMSA 209.99 ▼ 0.93% CEMEX 22.45 — 0.00% GFNORTE 179.63 ▼ 0.88% BIMBO 58.11 ▼ 0.31% TELEVISA 9.12 ▲ 0.44% AMX 22.08 ▼ 0.27% GAP 412.54 ▼ 1.31% ASUR 512.57 ▼ 0.31% OMA 218.93 ▼ 0.51% KOF 186.35 ▼ 0.09% GRUMA 291.63 ▼ 0.94% KIMBER 38.07 ▼ 0.08% SQM-B 69,798 ▼ 2.96% COPEC 6,113 ▼ 1.15% BSANTANDER 68.10 ▼ 1.32% FALABELLA 5,450 ▼ 2.07% ENELAM 76.77 ▼ 1.18% CENCOSUD 2,168 ▲ 0.37% CMPC 1,028 ▼ 0.39% BANCO CHILE 167.00 ▲ 0.12% LATAM AIR 22.88 ▲ 1.24% YPF 83,050 ▼ 0.27% GGAL 7,350 ▼ 3.10% PAMPA 5,115 ▼ 1.35% TXAR 677.50 ▼ 1.95% ALUAR 1,015 ▲ 1.50% TGS 9,205 ▼ 2.80% CEPU 2,309 ▼ 2.49% MIRGOR 16,925 ▼ 0.88% COME 47.91 ▼ 3.17% LOMA NEGRA 3,453 ▼ 1.50% BYMA 293.00 — 0.00% TELECOM ARG 4,053 ▼ 2.88% ECOPETROL 15.36 ▼ 1.41% BANCOLOMBIA 72.93 ▲ 0.94% GRUPO AVAL 4.97 ▼ 0.20% CREDICORP 326.75 ▼ 0.20% SOUTHERN COPPER 192.42 ▼ 2.12% BUENAVENTURA 34.65 ▲ 2.33% MERCADOLIBRE 1,672 ▲ 2.02% NUBANK 12.16 ▲ 4.47% XP 15.55 ▼ 0.35% PAGSEGURO 8.94 ▲ 1.94% STONE 10.82 ▲ 1.64% GLOBANT 41.55 ▲ 4.74% TECNOGLASS 42.51 ▲ 0.38% GAP AIRPORT 239.33 ▼ 0.58% ASUR 293.91 ▼ 0.96% OMA AIRPORT 101.59 ▲ 0.41% AMX ADR 25.42 ▼ 0.47% FEMSA ADR 120.80 ▼ 0.83% CEMEX ADR 12.94 ▲ 0.27% PETROBRAS ADR 17.97 ▼ 1.24% VALE ADR 15.84 ▼ 1.37% ITAU ADR 7.73 ▲ 1.84% SANTANDER BR 5.40 ▲ 1.89% AMBEV ADR 3.14 ▼ 0.16% CSN 1.30 ▼ 0.46% GERDAU 4.70 ▼ 1.16% LATAM ADR 50.86 ▲ 2.31% BTC 64,008 ▼ 0.01% ETH 1,779 ▼ 1.82% SOL 70.08 ▼ 2.14% XRP 1.17 ▼ 2.11% BNB 602.28 ▼ 2.87% ADA 0.19 ▼ 6.06% DOGE 0.09 ▼ 2.46% AVAX 7.75 ▼ 3.73% LINK 8.06 ▼ 3.29% DOT 1.05 ▼ 4.76% LTC 46.61 ▼ 1.13% BCH 248.65 ▲ 2.42% TRX 0.33 ▼ 1.34% XLM 0.21 ▼ 0.48% HBAR 0.09 ▲ 0.43% NEAR 2.38 ▼ 15.52% ATOM 1.81 ▼ 2.67% AAVE 72.03 ▼ 3.21% SELIC 14.50% IBOV 170,331 ▼ 2.22% IPSA 10,477 ▲ 1.13% IPC MEX 67,713 ▼ 0.84% MERVAL 3,164,196 ▼ 1.86% COLCAP 2,238.99 ▼ 1.13% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.43% USD/MXN 17.30 — 0.00% USD/CLP 893.59 ▲ 0.43% USD/COP 3,564 ▼ 0.64% USD/PEN 3.41 ▲ 0.34% USD/ARS 1,439 ▲ 0.86% USD/UYU 40.36 ▲ 1.76% USD/PYG 6,037 ▲ 1.68% USD/BOB 6.86 ▲ 1.82% USD/DOP 58.04 ▲ 0.59% USD/CRC 456.90 ▲ 3.01% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.64 ▲ 0.49% USD/NIO 36.62 ▲ 0.34% USD/VES 558.97 ▲ 0.43% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.64% USD/JMD 157.19 ▲ 0.93% USD/TTD 6.66 ▲ 0.15% EUR/BRL 5.88 ▲ 0.88% BRENT 94.95 ▼ 2.92% WTI 92.51 ▼ 3.66% IRON ORE 161.91 — — COPPER 6.54 ▲ 0.91% GOLD 4,526 ▲ 2.01% SILVER 74.63 ▲ 1.56% SOY 1,139 ▼ 1.34% CORN 425.75 ▼ 1.33% WHEAT 589.75 ▲ 0.43% COFFEE 251.35 ▼ 0.69% SUGAR 14.15 ▼ 0.63% ORANGE JUICE 171.15 ▲ 1.63% COTTON 76.15 ▼ 0.76% COCOA 3,963 ▼ 2.68% BEEF 241.05 ▼ 2.26% CATTLE 348.53 ▲ 1.72% LITHIUM 82.92 ▼ 2.29% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% BBAS3 19.53 ▼ 1.81% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CSNA3 6.68 ▼ 6.31% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% GGBR4 24.13 ▼ 2.11% ENEV3 24.23 ▼ 4.42% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.46% CMIG4 10.86 ▼ 1.27% EQTL3 39.81 ▲ 1.89% LREN3 14.64 ▼ 5.67% VIVT3 33.75 ▼ 0.15% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 51.56 ▼ 0.94% GMEXICO 210.04 ▼ 1.72% FEMSA 209.99 ▼ 0.93% CEMEX 22.45 — 0.00% GFNORTE 179.63 ▼ 0.88% BIMBO 58.11 ▼ 0.31% TELEVISA 9.12 ▲ 0.44% AMX 22.08 ▼ 0.27% GAP 412.54 ▼ 1.31% ASUR 512.57 ▼ 0.31% OMA 218.93 ▼ 0.51% KOF 186.35 ▼ 0.09% GRUMA 291.63 ▼ 0.94% KIMBER 38.07 ▼ 0.08% SQM-B 69,798 ▼ 2.96% COPEC 6,113 ▼ 1.15% BSANTANDER 68.10 ▼ 1.32% FALABELLA 5,450 ▼ 2.07% ENELAM 76.77 ▼ 1.18% CENCOSUD 2,168 ▲ 0.37% CMPC 1,028 ▼ 0.39% BANCO CHILE 167.00 ▲ 0.12% LATAM AIR 22.88 ▲ 1.24% YPF 83,050 ▼ 0.27% GGAL 7,350 ▼ 3.10% PAMPA 5,115 ▼ 1.35% TXAR 677.50 ▼ 1.95% ALUAR 1,015 ▲ 1.50% TGS 9,205 ▼ 2.80% CEPU 2,309 ▼ 2.49% MIRGOR 16,925 ▼ 0.88% COME 47.91 ▼ 3.17% LOMA NEGRA 3,453 ▼ 1.50% BYMA 293.00 — 0.00% TELECOM ARG 4,053 ▼ 2.88% ECOPETROL 15.36 ▼ 1.41% BANCOLOMBIA 72.93 ▲ 0.94% GRUPO AVAL 4.97 ▼ 0.20% CREDICORP 326.75 ▼ 0.20% SOUTHERN COPPER 192.42 ▼ 2.12% BUENAVENTURA 34.65 ▲ 2.33% MERCADOLIBRE 1,672 ▲ 2.02% NUBANK 12.16 ▲ 4.47% XP 15.55 ▼ 0.35% PAGSEGURO 8.94 ▲ 1.94% STONE 10.82 ▲ 1.64% GLOBANT 41.55 ▲ 4.74% TECNOGLASS 42.51 ▲ 0.38% GAP AIRPORT 239.33 ▼ 0.58% ASUR 293.91 ▼ 0.96% OMA AIRPORT 101.59 ▲ 0.41% AMX ADR 25.42 ▼ 0.47% FEMSA ADR 120.80 ▼ 0.83% CEMEX ADR 12.94 ▲ 0.27% PETROBRAS ADR 17.97 ▼ 1.24% VALE ADR 15.84 ▼ 1.37% ITAU ADR 7.73 ▲ 1.84% SANTANDER BR 5.40 ▲ 1.89% AMBEV ADR 3.14 ▼ 0.16% CSN 1.30 ▼ 0.46% GERDAU 4.70 ▼ 1.16% LATAM ADR 50.86 ▲ 2.31% BTC 64,008 ▼ 0.01% ETH 1,779 ▼ 1.82% SOL 70.08 ▼ 2.14% XRP 1.17 ▼ 2.11% BNB 602.28 ▼ 2.87% ADA 0.19 ▼ 6.06% DOGE 0.09 ▼ 2.46% AVAX 7.75 ▼ 3.73% LINK 8.06 ▼ 3.29% DOT 1.05 ▼ 4.76% LTC 46.61 ▼ 1.13% BCH 248.65 ▲ 2.42% TRX 0.33 ▼ 1.34% XLM 0.21 ▼ 0.48% HBAR 0.09 ▲ 0.43% NEAR 2.38 ▼ 15.52% ATOM 1.81 ▼ 2.67% AAVE 72.03 ▼ 3.21% SELIC 14.50%
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Thursday, June 4, 2026

Rio de Janeiro 2016 Olympics

Former Rio Governor Admits Paying US$2 Million Bribe to Host 2016 Olympics

By · July 5, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – (Reuters) The former governor of Rio de Janeiro state said in court testimony on Thursday, June 4th, that he paid US$2 million to buy votes to ensure the Brazilian seaside city would be chosen to host the 2016 Olympic Games.

On November 17, 2016, Cabral was arrested on charges of corruption.[2]
On November 17, 2016, Sérgio Cabral was arrested on charges of corruption. (Photo internet reproduction)
RTAsk Rio TimesCurious about Latin American culture, food, and life? Ask our reporting.Start asking →Sérgio Cabral told a judge the money went to Lamine Diack, the former president of the International Association of Athletics Federations (IAAF) and was used to buy as many as nine votes. It was not immediately possible to reach Diack or his legal team on Thursday night.

The head of the Brazilian Olympic Committee and the main organizer of the bid, Arthur Nuzman, introduced a representative of Rio 2016 to Diack and asked him to make the payments ahead of the 2009 vote that saw Rio win out over Madrid, Chicago, and Tokyo, Cabral told a federal judge.

“Nuzman came to me and said, Sergio, I want to tell you about the president of the International Athletics Federation, IAAF, Lamine Diack, he’s someone who is open to taking bribes,” Cabral said.

Prosecutors in Brazil charged Nuzman in October 2017 with paying the US$2 million in bribes to secure Rio as the 2016 Olympics host city. That trial is ongoing. He has said he is innocent and his lawyers repeated that on Thursday.

Diack was also charged by Brazilian prosecutors. He said at the time he was innocent.

Sérgio Cabral is a man With Considerable Criminal Energy

Only recently, Rio ex-Governor Sérgio Cabral was accused of charging five percent on every contract awarded to the corrupt and now bankrupt Odebrecht construction company, including those for restoring the Maracanã stadium and the Coperj railroad.

On November 17, 2016, the Federal Police of Brazil arrested Sérgio Cabral and seven other persons (including former secretaries of his government), as part of Operation Car Wash.

The 2016 Olympic Games in Rio was at the end a financial disaster for the city. (Photo internet reproduction)
The 2016 Olympic Games in Rio was a financial disaster for the city. (Photo internet reproduction)

He was accused of embezzling R$224 million (US$58) million. On December 6, 2016, the court heard charges filed by the Federal Public Prosecutor’s Office (MPF), then charged Sérgio Cabral with corruption, racketeering, and money laundering.

In February 2017, the MPF-RJ accused Cabral of taking part in Operation Efficiency, another operation connected to Operation Car Wash.

On June 13th, 2017, he was sentenced to fourteen years and two months of imprisonment for passive corruption and money laundering. On September 20th, 2017, he was sentenced to an additional 45 years imprisonment for embezzlement.

On July 3, 2018, within the scope of the Car Wash probe, failed Brazilian businessman Eike Batista was convicted of bribing Cabral for state government contracts, paying him US$16.6 million.

Held at the Gericinó penitentiary in Bangu, Rio de Janeiro, Batista was sentenced to thirty years of imprisonment — Brazilian law limits sentences to thirty years.

(Source: Reuters)

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