UBS receives enquiries about relationship with FIFA officials

Football2

UBS said it has received inquiries from authorities about its banking relationships with FIFA officials, days after rival Credit Suisse disclosed it was being questioned in the corruption probe that has engulfed soccer’s global governing body.

Bloomberg News reports that the inquiries are about FIFA and 'other constituent soccer associations', UBS said in its third-quarter financial report, declining to name those bodies.

The arrest in May of seven soccer officials in Zurich on the eve of FIFA’s congress and the indictment of seven others on charges of racketeering, wire fraud and money laundering has led to a widening series of investigations in Switzerland, the U.K. and the U.S. The scandal spread in September with the Swiss Attorney General opening criminal proceedings into FIFA President Sepp Blatter over a $2m payment he made to European soccer chief Michel Platini. Both men have said they did nothing illegal but have been suspended by FIFA for 90 days.

To access the complete Bloomberg News article hit the link below:

UBS Says It Has Received FIFA-Related Inquiries From Authorities

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