Fifa corruption: Swiss banks 'reported possible money laundering'

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Swiss prosecutors are investigating 53 cases of possible money laundering in their inquiry into bidding for the 2018 and 2022 Fifa World Cups.

Attorney General Michael Lauber said the incidents had been reported by Swiss banks.

He said his office was analysing a "huge amount" of seized Fifa data in its inquiry.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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