The French ConnectionNuzman and Gryner, according to investigators, are the alleged link between now-jailed former Rio de Janeiro Governor Sergio Cabral and Papa Massata Diack, the son of former International Olympic Committee member Lamine Diack. The pair was charged by authorities with corruption, money laundering and participating in a criminal operation.
A former director of the committee, Leonardo Gryner, was also arrested in a new phase of the so-called "Unfair Play" investigation, according to police.
The president of the Brazilian Olympic Committee has been arrested amid an investigation into a vote-buying scheme to bring the Games to Rio de Janeiro a year ago.
Nuzman sits in the back of a police vehicle.
The residence Nuzman, located in the very chic neighborhood of Leblon, had been raided, and the headquarters of the brazilian olympic Committee and the many companies cariocas.
The federal judge, who authorized Nuzman's arrest, said over the last decade Nuzman's net worth has increased by over 400 percent and he has assets overseas, including 16kg in gold bars deposited in Switzerland.
At that time authorities confiscated Nuzman's Brazilian and Russian passports preventing him from traveling to Lima, Peru for the International Olympic Committee session to name two host cities Paris 2024 and LA 2028.
They said he was a central figure in channeling at least $2 million to Lamine Diack, a former International Olympic Committee member from Senegal who helped secure votes when Rio was picked in 2009 by the IOC.
"The Olympic Games were used as a great stepping stone to corruption", prosecutor Fabiana Schneider, one of the officials responsible for the operation, was quoted as saying to monthly news magazine Carta Capital.
"The IOC's Chief Ethics and Compliance Officer has asked the Brazilian authorities for full information in order to proceed with the IOC's investigation, and has offered the IOC's full cooperation", the spokesperson said.
Soares, known as "King Arthur", is accused of paying Cabral enormous bribes as a result of fraudulent construction contracts in the city.
Rio beat Chicago, Madrid and Tokyo to win the 2016 Games. Nuzman is an honorary member of the IOC.
The investigation is part of an global operation called "Unfair Play" in which investigators from Brazil, France and Antigua and Barbuda are cooperating.
The IOC will not comment further on this matter until a recommendation is issued by the IOC Ethics Commission.