Marcus Evans is among nine people investigated over ticket scalping, conspiracy and ambush marketing.
Mr Evans, who runs his own sports hospitality company, denied any wrongdoing and said the allegations are "totally without foundation".
The exact full charges against Mr Evans have yet to be confirmed to the BBC.
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Brazilian prosecutor Marcos Kac told Associated Press he had decided to charge Mr Evans, along with Olympic Council of Ireland President Patrick Hickey and seven others, after reviewing the police investigation.
Police investigator Aloysio Falcao said authorities also wanted to speak to IOC President Thomas Bach about email exchanges between him and Mr Hickey.
Mr Bach will not be attending the opening of the Paralympic Games later.
The authorities have no evidence that Mr Bach knew about the alleged ticket scam, the investigator said.
A spokesman for Mr Evans, who runs the Marcus Evans Group and THG Sports, confirmed he was aware of the charges but referred to previous statements which said the companies had "acted at all times lawfully and any suggestion to the contrary is just not true".
Ticket scalping, or ticket touting, involves the resale of tickets for admission to events at a higher price, while ambush marketing involves a company trying to associate its products with an event that already has official sponsors.
Mr Hickey, 71, has formally stood aside as president of the Olympic Council of Ireland and European Olympic Committees' president during the investigation.
Kevin Mallon, who has also had charges passed against him, is the Dublin-based director of Mr Evans' hospitality company THG Sports.
Police allege Mr Hickey plotted with businessmen to transfer tickets illegally from a sports company called Pro 10 to THG Sports, which was a non-authorized vendor and allegedly sold them for very high fees.
Both men deny any wrongdoing.

The fourth seed lost 10-6 to qualifier Michael Holt on Tuesday, becoming the fifth former champion to lose in the first round at the Crucible this year.
But Robertson, who won the UK Championship in December, said: "The season's been fantastic.
"I played great in the Masters, I played great in the Welsh Open - even at the China Open."
The 34-year-old added: "It's probably the best match I've played all season and got beat."
Robertson beat Liang Wenbo to win the UK Championship and then reached the final of the Welsh Open, losing to Ronnie O'Sullivan.
Also this season, the Cambridge-based Australian was edged out by Judd Trump in a classic quarter-final at the Masters, but won the Champion of Champions event.
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Robertson said he had played some of his best snooker leading up to his Crucible defeat, which he put down to a run of misfortune.
"I said coming into the World Championship that it's probably the best season I've had to date," the 2010 world champion said.
"I've played really well, but snooker's a funny game. It's very frustrating when you don't always get the right kind of rub - you watch tennis and know if you play better than the other guy, you win.
"But that's the game we play. It can create mini-upsets. I suppose if it was the top four players in the world getting to the semis, it'd be pretty boring."
Robertson continued: "Michael played a great match - nothing really went right for me.
"He's got to take credit for taking advantage, because even though he's coming to the table and the balls are all there, he still has to pot them."
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The owner of Ipswich Town Football Club has been charged in connection with a ticket-touting case in August's Olympic Games in Brazil.
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Neil Robertson still feels he has had the best season of his career, despite a surprise World Championship exit.