RIO DE JANEIRO (Reuters) - Police raided a stadium in the northeastern city of Recife and other offices around Brazil on Friday as part of an investigation into fraud in contracting for the arena, which was built for the 2014 FIFA World Cup football tournament.
In a statement, federal police said contracts for the Arena Pernambuco, built and operated by a consortium led by contractor Odebrecht SA [ODBES.UL], were overpriced by as much as 42.8 million reais (7.84 million pounds) in 2010, when the project was being developed.
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