Rio Court Finds R$95 Million in Overpayment for Maracanã Works

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – A Rio de Janeiro audit court has ordered the state’s finance secretary to withhold more than R$198.5 million owed to construction companies due to irregularities found in an audit for their work in renovating world-famous Maracanã soccer stadium for the 2014 World Cup.

According to the ruling, construction giants Norberto Oderbrecht, Andrade Gutierrez and Delta overinflated their prices even after a federal fiscal tax break was given to the companies for their work. According to officials these companies may have received as much as R$95 . . .

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