Sunday, September 4, 2016

Swiss prosecutors investigate Beckenbauer, others for fraud, money laundering

Latest: Corruption and Money Laundering.

Swiss prosecutors investigate Beckenbauer, others for fraud, money laundering.

Sep 04, 2016, 23:59

Swiss prosecutors investigate Franz Beckenbauer, 

others for fraud, money laundering

Swiss federal prosecutors on Thursday announced that they had opened criminal proceedings against German legend Franz Beckenbauer amidst corruption allegations in the awarding of the 2006 World Cup to Germany.
German news magazine Der Speigel had claimed Beckenbauer was now facing a probe into his role on the organising committee over alleged money laundering and breach of trust after the 70-year-old former World Cup-winning captain led his nation's campaign to host the tournament.
"The suspects were members of the executive board of the organizing committee for the 2006 World Cup in Germany", it said in a statement on Thursday.
In addition to fraud, the four men are suspected of money laundering, criminal mismanagement and misappropriation, the Swiss attorney general's office said.
According to the paper, for whom Beckenbauer writes a regular column, the home of Urs Linsi, the former General Secretary of world football's governing body FIFA, was also searched.
Beckenbauer, a former World Cup-winning player and coach, has been the focus of the affair around the payments connected to the 2006 World Cup, and which led to the resignation past year of Niersbach as DFB president.
In July, FIFA's ethics committee banned Niersbach, the ex-president of the DFB, for one year over misconduct surrounding the 2006 bid.

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