The investigation found CVB that members signed 13 contracts with companies which may not exist at all. As a result of transactions, family members and friends of CBV leaders have received about 30 million Dollars in the period from 2010 to 2013.
According to the report of the investigation, players and coaches of the Brazilian national team did not receive prizes from the sponsors becuse of the fault of corrupted CVB officials.
The Bank of Brazil has already announced it broke sponsorship agreement with the CBV.
National teams of Brazil won a series of titles in recent years. The women’s team is the current twice champion at the Olympics, while men took gold medal at Athens 2004 and silver in Beijing 2008 and London 2012, as well as titles in the World League.
Two of the contractors, according to the investigation controller, are sons in law of former President of the CVB Ary Graça, who is currently the President of the International Volleyball Federation (FIVB).
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