Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    7,523 violators of residency, labor, and border security laws deported in a week    Video contradicts Israeli army account of deadly March 23 strike on Gaza paramedics    Saudi Arabia spends over $241 million to implement de-mining projects in 3 countries    Italy's Meloni government approves controversial security decree expanding police protections and penalties    Egypt submits new Gaza ceasefire and prisoner exchange proposal: Report    'Everything is possible' — Ronaldo focused on titles, not 1,000-goal milestone after Riyadh Derby win    Saudi, US military leaders discuss enhanced defense cooperation in Riyadh    King Salman Global Academy for Arabic Language launches program with Indiana University    Ronaldo brace powers Al Nassr past Al Hilal in Riyadh derby thriller    Ed Sheeran weaves Persian music into new song, Azizam    Al-Jadaan: Crown Prince's directives confirm government's ability to bring back balance to real estate market    Veteran Bollywood actor Manoj Kumar dies at 87    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Musk's X is suing India, as Tesla and Starlink plan entry    Tesla sales plunge after backlash against Elon Musk    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Swiss probing FIFA's 53 suspicious transactions
Published in The Saudi Gazette on 18 - 06 - 2015

BERN, Switzerland — Banks in Switzerland have reported 53 possible acts of money-laundering in the investigation of FIFA's 2018 and 2022 World Cup bidding contests, the country's attorney general said Wednesday.
Michael Lauber said the “suspicious bank relations” were filed to comply with Switzerland's regulations against money laundering.
The federal prosecutor described a “huge and complex” case which targets “criminal mismanagement and money-laundering” in the bidding contests which sent the 2018 World Cup to Russia and the 2022 tournament to Qatar.
Lauber is prepared for either country to be stripped of the hosting rights if new evidence proves wrongdoing.
“I don't mind if this has some collateral (damage) somewhere else,” he said, addressing the media for the first time since the Swiss investigation into FIFA was announced three weeks ago.
Swiss bank Julius Baer later said it has opened an internal investigation in connection with FIFA.
Lauber said he “does not exclude” interviewing FIFA President Sepp Blatter and Secretary General Jerome Valcke in the future, though they are not currently under suspicion.
Blatter is also a target of a separate investigation of bribery and racketeering led by US federal agencies, which are working with Swiss authorities.
The American case alleged that senior FIFA voters received $10 million in bribes to support South Africa's successful bid for the 2010 World Cup. Valcke has been linked to transferring the money from a FIFA account on behalf of South African officials.
Lauber, who led units specializing in organized crime in Switzerland and money laundering in Liechtenstein, said Wednesday that his task force is analyzing nine terabytes of data.
Some of the 53 suspicious transactions are among 104 incidents previously notified to Swiss and American federal authorities, he said.
Lauber's team has also pursued a line of inquiry into payments linked to a friendly match between Argentina and Brazil played in Doha two weeks before the FIFA vote. Both countries had long-serving delegates on FIFA's executive committee.
An executive with Swiss-based marketing agency Kentaro, who worked with the Brazil team in 2010, told the Associated Press he gave evidence to Swiss police on May 27.
Football's world governing body sent Lauber a 430-page investigation report submitted last September by FIFA's former ethics prosecutor, Michael Garcia.
“I have coercive measures and I am independent,” Lauber said at a news conference called after his re-election by federal lawmakers for a four-year mandate.
FIFA was thrown into crisis on May 27 with dual raids in Zurich on a luxury downtown hotel and its own headquarters two days before its presidential election.
Two FIFA vice presidents, Jeffrey Webb of the Cayman Islands and Eugenio Figueredo of Uruguay, were among seven football officials arrested by Swiss police acting on an American request. They face extradition to the US.
Soosay quits
Suspended Asian Football Confederation (AFC) general secretary Alex Soosay quit Wednesday rather than fight to clear his name amid allegations he tried to interfere with a corruption probe of the regional governing body.
Soosay was suspended last month by the AFC after Malaysian media reported an official at the 46-member confederation had been asked by Soosay to “tamper or hide” documents during a 2012 external audit.
A former player, Soosay held the position of AFC general secretary since 2008 following the retirement of his Malaysian compatriot Peter Velappan. — Agencies


Clic here to read the story from its source.