Swimmer Ryan Lochte loses major sponsors Speedo and Ralph Lauren

Disgraced US Olympic swimmer Ryan Lochte’s fall from grace continues apace.

Having been forced to apologise for an “exaggerated” story about being robbed at gunpoint at the Rio Games, he has now lost his major sponsors, including Speedo USA and Ralph Lauren.

Lochte’s version of the incident embarrassed the host city and angered local officials and further revelations — casting doubt on Lochte’s story — dominated news coverage of South America’s first Olympics.