SectorWire
SearchGet the daily briefing
Menu

Rio de Janeiro seeks Rio Pag bank records over R$18.5m in lottery funds

Regulation

Rio de Janeiro’s state attorney general’s office plans to seek access to Rio Pag’s bank records to trace R$18.5 million held for the state lottery authority, Loterj. The office is also investigating the source of the money returned; Loterj says about R$4 million in contractual charges remains due, a sum Rio Pag disputes.

The inquiry concerns the custody and return of funds handled under a payment-processing contract for lottery and betting services.

Connections

Request a correction

Keep reading

Regulation

Eduardo Paes pledges to close Loterj and ban betting in Rio

Rio de Janeiro gubernatorial candidate Eduardo Paes said he would abolish the state lottery authority, Loterj, and ban sports betting in the state if elected. He accused the authority of laundering money for militia groups; the report also says prosecutors charged eight people over alleged use of illegal gambling proceeds to obtain Loterj licences, while Brazil’s Supreme Federal Court formed a majority to restrict Loterj’s operations beyond the state.

Continue reading