FIVB: Graça Resigns from Brazilian Federation

FIVB President Ary Graça (left) earlier this week in a meeting in Saudi Arabia.  Photo: FIVB.

FIVB President Ary Graça has resigned from the Brazilian Volleyball Federation as a result of the recent fraud accusations.  As WorldofVolley explains:

Allegedly, some ex-Federation officials (including Marcos Antonio Pina Barbosa, Fabio Andre Dias Azevedo...) were earning a lot of money by using Brazilian Volleyball Federation as cover.

According to the espn.com.br, they were signing contracts between Federation and their own companies (marketing agencies, consulting firms...) for organizing big events in volleyball. There are some serious accusations, with huge amount of money involved, so the investigation has started. It seems that there will be more names to blame, as from group of ex-officials, as from the ones which are today in charge of Brazilian Volleyball.

Do you think that President Graça should resign from his position with the FIVB as well?