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EY under scrutiny after second-largest bankruptcy in Swiss history

EY auditors failed to raise the alarm over multimillion-dollar jewellery purchases and approved huge payments to opaque offshore companies in the years before one of Switzerland’s biggest ever corporate collapses. Zeromax, a conglomerate based in the Swiss canton of Zug, had a business empire in Uzbekistan with interests ranging from… Read More

Documents show US investigation of 2 Kuwaitis in FIFA case

AP — Two senior Olympic officials from Kuwait, one reputed to be the “kingmaker” of IOC elections and another who is president of swimming’s international governing body, have been targeted by the U.S. Department of Justice for suspected racketeering and bribery related to FIFA and international soccer politics,… Read More

FIFA, Deemed a Victim of Its Own Scandal, Will Share $200 Million Payout

Even as top soccer officials were still being arrested as part of a sprawling corruption investigation in 2015, lawyers for the sport’s global governing body and U.S. prosecutors began to embrace an intriguing premise: The soccer organization, FIFA, and its affiliates were not only the hosts of the scheme, the… Read More
18th August 2021
The former president of El Salvador’s soccer federation may enter a guilty plea next Monday over his alleged role in a sprawling corruption probe surrounding FIFA and other soccer governing bodies, court records show. A change-of-plea hearing has been scheduled in the U.S. District Court in Brooklyn for Reynaldo Vasquez,… Read More
11th August 2021
By David Harrison and Al Jazeera Investigative Unit, Al Jazeera, 10 August 2021 Al Jazeera – In a plush suite at a boutique hotel in London, a man known as The Magician is lounging on a sofa, his right arm snaking out across the top. “The usual rubbish, I’m used to it,”… Read More
10th August 2021
English football clubs can be bought by criminals to launder the proceeds of their crimes, an Al Jazeera undercover investigation has revealed. The investigation delves into the murky world of club ownership in English football and exposes how rules are being abused. The Men Who Sell Football shows middlemen telling… Read More
3rd August 2021
Hong Kong police have detained more than 800 people and seized records detailing over HK$3.6 billion (US$463 million) worth of bets in a series of operations against illegal bookmaking activities involving this year’s Euro 2020 football tournament. A police spokesman said on Monday that… Read More
2nd August 2021
The solicitors regulator is to prosecute Mishcon de Reya, one of the UK’s most prestigious law firms, along with a former partner in its high profile sports practice. The Solicitors Regulation Authority (SRA) announced on Thursday that it would bring a case against the firm – known for representing… Read More
28th July 2021
Approved changes to the Malta Football Association’s statute hope to address issues of money laundering and corruption in football, president Bjorn Vassallo said on Tuesday. The changes were approved in an Extraordinary General Meeting on Monday evening. Statutory changes are the first step in a three-part reform being carried out… Read More
8th July 2021
Benfica president Luís Filipe Vieira was arrested today as part of an investigation into suspicions of fraud, abuse of trust and money laundering. He is being held overnight at the PSP police station in Moscavide (Lisbon), to be presented before judge Carlos Alexandre tomorrow (Thursday) morning. Also arrested with him… Read More
15th June 2021
An investigation into possible corruption during the Olympic boxing competition at Rio 2016 is to be led by Professor Richard McLaren, the man who uncovered the full extent of Russian state-sponsored doping. The Guardian can reveal that McLaren, who found that more than… Read More
28th May 2021
Julius Baer Group Ltd. will pay almost $80 million to resolve a U.S. probe of its role in the payment of tens of millions of dollars in bribes to leaders of FIFA, the governing body for world soccer. The U.S. charged the Swiss private bank with a money-laundering… Read More
25th May 2021
A gun-toting Greek billionaire, Ivan Savvidi, is making a mockery of EU sanctions on Russia, but no one in Athens or Brussels seems to care, posing the question: Is the EU regime a paper tiger? The sanctions were imposed in 2014 over Russia’s invasion of Ukraine. They banned EU nationals… Read More