FIFA TO RECEIVE EXTRA $92m COMPENSATION IN DAMAGES FROM GLOBAL CORRUPTION CASE – U.S. JUSTICE DEPT.
Read Time:1 Minute, 15 Second
According to the U.S. Justice Department, FIFA, world football’s governing body, will also be compensated an additional $92 million for damages incurred as a result of global football corruption schemes.
The department announced in August that FIFA would get $201 million in damages for the losses. The money was seized from the bank accounts of former officials who were involved in the schemes and then prosecuted following a probe into years of corruption in world football.
“This distribution of approximately $92 million as compensation for losses suffered highlights the importance of asset forfeiture as a critical tool in this endeavor,” the Justice Department said in a statement Thursday.
The Justice Department’s announcement identified part of the victims as being the FIFA regional confederations CONCACAF and CONMEBOL, which handle North and Central American and South American football, respectively.
According to the DOJ, more than 50 individual and corporate defendants from more than 20 different countries have been charged with various offences since the department announced the corruption investigation in 2015. These offences primarily relate to bribes and kickbacks associated with media and marketing rights.
“There was an extraordinary amount of money flowing between corrupt officials and businesses in this massive scheme,” Michael J. Driscoll, assistant director in charge at the FBI’s New York Field Office, said in a statement.
“It is gratifying to know assets seized from the criminals involved will be distributed to groups in need of the money, one specifically focused on educating and safeguarding football for women and girls.”
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0