Skip to main content

FIFA lawyers say Blatter, Valcke and Kattner took $80m in bonuses


FIFA lawyers say Blatter, Valcke and Kattner took $80m in bonuses
FIFA lawyers say former top officials Sepp Blatter, Jerome Valcke and Markus Kattner awarded themselves pay rises and World Cup bonuses totalling $80 million over five years.

FIFA says the contracted payments appear to break Swiss law, and evidence will be given to American and Swiss federal prosecutors who are investigating corruption implicating world football’s governing body.
FIFA revealed details of the contracts of its former president Blatter, fired former secretary general Valcke and fired finance director Kattner one day after Swiss police raided FIFA to seize evidence.
“The evidence appears to reveal a coordinated effort by three former top officials of FIFA to enrich themselves through annual salary increases, World Cup bonuses and other incentives totalling more than CHF 79 million — in just the last five years,” Bill Burck, a partner with Quinn Emanuel, said on FIFA’s website.
The raid included searches in the office of Kattner, who was fired last week.
Swiss attorney general Michael Lauber opened criminal proceedings against Blatter last September, and against Valcke in March.
Both are suspected of criminal mismanagement of FIFA money. Blatter and Valcke deny wrongdoing but were banned for six and 12 years, respectively, by FIFA’s ethics committee.
No additional criminal proceedings have been opened against Kattner.
“Additionally, FIFA will refer the matter of these contracts and payments to the Ethics Committee for its review,” FIFA said in a statement.
On Thursday, FIFA had said that formal proceedings were yet to be taken against current president Gianni Infantino despite reports in German newspaper Die Welt that he is facing a 90-day suspension.

A spokesman for the organisation had told Sky Sports News: “We are not in a position to indicate if we have or have not [begun] preliminary investigatory proceedings against an individual.
“We would however like to point out that there are no formal proceedings going on against Mr Infantino.”
Infantino was elected FIFA president in February following Blatter’s suspension from all football activity.
Labels:

Comments

Post a Comment

Popular posts from this blog

Queen of Nollywood, Adaeze Okoro, dethroned over alleged arrogance, pride

Organizers of the Miss Nollywood Beauty Pageant have announced the dethronement of one of their queen, Grace Okoro Adaeze.
2 comments
Read more

Breaking: MMM resumes operation, lifts restrictions on participants accounts

Lagos – Participants in the Mavrodi Mondial Movement (MMM) on Friday heaved a sigh of relief as the money-spinning venture promoters announced their resumption after one month break that left them in suspense. MMM promoters in a message to the participants on its portal reassured them that it was in line with its promise to resume after a month The participants have flooded social media with messages depicting high hopes as the promoters of the ponzi scheme re-opened. In the MMM message, participants are told that “the holidays are over and restrictions on accounts is lifted and reopened for transactions. “The holidays are over, and we’re now open. Just as promised. You might have already noticed that we always stick to our promises,’’ the message said. The message displayed on the pages of all participants of the scheme cheered its members as it reopened a day earlier than promised. According to the message, panic will reign in the first few days after the re-opening of t
2 comments
Read more

LG sells mosquito-repelling TV in India to help fight malaria and Zika

The Indian arm of South Korea’s LG Electronics Inc has begun selling a TV with a feature that it says repels mosquitoes, which can spread diseases such as malaria, Zika and dengue.
2 comments
Read more