ARGENTINE SPORTS EXECUTIVES ADMIT BRIBING FIFA OFFICIALS, AGREE TO FORFEIT $50M
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Agency Report
Two Argentine sports marketing executives implicated in the FIFA corruption scandal have admitted to bribing international football officials to secure lucrative media rights, reaching a deal with US prosecutors to avoid trial.
Hugo Jinkis and his son, Mariano Jinkis, were charged following a major 2015 investigation that exposed widespread corruption within FIFA and football’s governing bodies in the Americas.
The investigation, which involved raids on FIFA officials in Zurich, resulted in several arrests, convictions and guilty pleas.
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Under a deferred prosecution agreement, US prosecutors will drop fraud charges against the Jinkises after they admitted to participating in a scheme that defrauded FIFA, CONCACAF and CONMEBOL.
As part of the agreement, the pair will also forfeit $50 million.
According to court documents, the executives, who co-owned Argentine sports marketing firm Full Play, paid tens of millions of dollars in bribes to football officials in exchange for support in securing lucrative media and marketing rights to major competitions.
The bribes were allegedly used to obtain broadcasting rights for tournaments and matches, including World Cup qualifiers and the Copa America.
AFP
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