Swiss return frozen $40 million to South American football federation
Sports
SWISS authorities have seized around 40 million dollars (about N15.24 billion) in funds frozen in the country’s bank accounts amid football corruption investigations, federal prosecutors said on Wednesday.
They are now returning the money to South American football confederation CONMEBOL.
The Swiss Office of the Attorney General (OAG) had opened several criminal proceedings in connection with South American football officials, including former CONMEBOL President Nicolas Leoz and former Secretary-General Eduardo Deluca.
Both were alleged to have abused their positions to unlawfully enrich themselves and perhaps others.
The funds forfeited between December 2019 and September 2020 amounted to around 36.6 million Swiss francs (31.02 million pounds) and were unlawfully acquired to the prejudice of CONMEBOL,” the OAG said.
“As the party suffering harm within the respective criminal proceedings is doubtlessly known —- the CONMEBOL —- the forfeited funds will be returned directly to it.”
Swiss criminal proceedings against Leoz were abandoned after his death in August 2019, while Deluca was convicted by summary penalty order of complicity in multiple instances of aggravated criminal mismanagement.
Last month the OAG abandoned criminal proceedings against Deluca as well because Argentina was conducting an investigation in the same matter, the OAG said.
NAN
– Oct. 14, 2020 @ 14:35 GMT |
Related Posts
Wembanyama’s Spurs beaten by Pacers in Paris
FRANCE’S Victor Wembanyama could not prevent his San Antonio Spurs side suffering a 136-98 defeat by the Indiana Pacers in...
Read MoreRashford willing to take pay cut for Barca move – Sunday’s gossip
Marcus Rashford is prepared to take a wage cut to join Barcelona from Manchester United, Real Madrid become the latest...
Read MoreMbappe hat-trick gives Real Madrid win at Real Valladolid
KYLIAN Mbappe scored his first hat-trick for Real Madrid as they went four points clear at the top of La...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.