SAO PAULO, (Reuters) – Directors of the Brazilian Volleyball Confederation (CBV) paid friends and family about 30 million reais ($11.32 million) for questionable contracts between 2010 and 2013, a government investigation reported yesterday.
Auditors from Brazil’s Comptroller General’s Office discovered that part of the performance bonus paid by the CBV’s main sponsors, Banco do Brasil, was not distributed to athletes as promised while administration costs rose sharply.
“It was in exactly that context that the CBV hired companies (owned by) directors, ex-directors and their relatives,” the report said.
Some of those increased administration costs went to two companies “that perhaps don’t even exist,” the Comptroller’s report said. “The owners are sons-in-law of the confederation’s ex-president Ary Graca.”
