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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Following the scandal of sexual misconduct and abuse by one of the coaches of Brazil’s men Olympic gymnastics’ team, one of the sport’s biggest sponsors, Caixa Economica Federal (CEF) said this week it is reviewing its contract with the team. CEF started to sponsor the Brazilian Olympic team in 2006 and had pledged to invest more than R$20 million until 2020.

According to CEF, it is assessing ‘all the measures necessary for the correct verification of the facts and relevant consequences’.

Former Olympic gymnastics’ coach Fernando Carvalho . . .

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