Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Swiss authorities carry out fresh house searches in FIFA case

Published 30/11/2016, 11:58
© Reuters. File photo of Urs Linsi, then general secretary of soccer's world governing body FIFA, talking to reporters in Johannesburg, South Africa
ADSGN
-

ZURICH (Reuters) - Swiss authorities have searched more houses as part of their criminal investigation into suspected corruption in world soccer and have added former FIFA general secretary Urs Linsi to their list of suspects, they said on Wednesday.

"The Office of the Attorney General (OAG) of Switzerland confirms that on 23 November 2016 it conducted house searches with the support of the Federal Office of Police (fedpol) at various locations in the German-speaking part of Switzerland," the OAG said in an emailed statement.

"The measures were carried out as part of the investigations relating to a payment of 6.7 million euros (5.68 million pound) made in April 2005 by the German Football Association (Deutscher Fussball-Bund, DFB) to Robert Louis-Dreyfus."

That payment which went via soccer's world governing body FIFA, according to German authorities, to the late Adidas (DE:ADSGN) boss Dreyfus, was a return of a loan made years earlier when Germany was bidding to host the 2006 World Cup.

It has since been linked with payments to FIFA officials via the account of then World Cup chief and Germany's former soccer great Franz Beckenbauer.

Beckenbauer is under investigation by Swiss authorities, who have opened criminal proceedings against him and two former presidents of the DFB in connection with Germany's successful bid for the 2006 World Cup.

Beckenbauer has previously admitted to making mistakes but has denied wrongdoing.

The affair has shocked soccer-mad Germany and forced the resignation of former DFB President Wolfgang Niersbach last year. He has since been banned by FIFA for a year.

The DFB's own report into alleged irregularities over the awarding of the 2006 World Cup was published in March.

© Reuters. File photo of Urs Linsi, then general secretary of soccer's world governing body FIFA, talking to reporters in Johannesburg, South Africa

It said that, while there was no evidence of Germany paying FIFA members in return for votes, payments were made to at least one former FIFA official through a web of accounts involving several other firms or individuals, including Beckenbauer.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.