The lawyer for Kevin Mallon, the Dublin man arrested on the eve of the Olympic Games in Rio de Janeiro over Olympic ticket touting allegations, says the bond of 750,000 Brazilian reals (approximately €215,000) was paid into the Brazilian Courts today.
He said he hopes that his client will be given authorisation by the Brazilian judiciary to travel to Ireland in the coming days.
This would enable him to leave Brazil, upon the payment of a bond of 1.5 million Brazilian reals (around €430,000), as per conditions laid down for the release of former OCI President Pat Hickeys passport.
Mr Hickey left Brazil last Wednesday night, after more than four months in Brazil.
Mr Mallon's bond amount was reduced by half following assertions by Franklin Gomes, his Sao Paulo based lawyer, that the amount was outside the means of the THG Sports executive, and that his bond amount should not be the same as that of Mr Hickey, given that one was former president of a National Olympic Committee, and the other a "mere employee".
Public Prosecutor Marcus Kac suggested that the bond amount be reduced to 1.2 million Brazilian reals, a 20% drop from the original bond amount. But, in a decision published with the Rio courts last Monday, Justice Marcello Rubioli allowed the bond amount to reduce by 50%.
Mr Gomes said that the bond amount of 750,000 Brazilian reals was lodged today in Rio.
He said the money arrived some days ago in Brazil, but that payment to the courts was delayed due to "bureaucratic delays in the banking system", as the foreign currency was converted to Brazilian reals.
However, the courts entered into their annual recess today, implicating Kevin Mallon's capacity to sign an agreement to comply with all movements of the ongoing legal process.
His lawyers had requested that this document could be signed yesterday, but as the money had not yet been received by the courts, this was not allowed last night at the Special Court for Supporters and Large Events.
Mr Franklin would not confirm exactly who had paid the bond amount for the release of Mr Mallon's passport, but said that "Kevin used all resources available to him and his family", adding that the money had come from "Europe".
Mr Gomes said that he hopes that the local judiciary, providing emergency cover during the holidays, shows "reasonability to release Kevin's passport."
He said "Kevin has complied with everything that has been asked of him, at all times," and said he hopes for "compassion and fraternity" at this time.
Mr Gomes continues to assert that his client is innocent of all charges levied against him.
Mr Mallon has been charged with ambush marketing, ticket touting, tax evasion, criminal association, and larceny.
His case in Brazil could begin as soon as next month and could take at least a year to conclude.