Visitors wait for the unveiling of the Olympic rings on Copacabana Beach in Rio de Janeiro. (Photographer: Dado Galdieri/Bloomberg)

Former Rio Governor Says He Paid Bribes to Host 2016 Olympics

(Bloomberg) -- Rio de Janeiro’s jailed former governor Sergio Cabral testified that he paid $2 million in bribes to secure hosting rights for the 2016 Olympics, according to his lawyer, Marcio Dela...

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