Julius Baer has dismissed one of its client advisers as part of its internal investigation into ties with world football’s governing body FIFA, a source familiar with the matter said on Tuesday.
Reuters reports that the employee left the company shortly after several football officials were arrested in Zurich last May, the source said, adding this was the only member of the bank’s staff to be dismissed so far in connection with its FIFA probe.
Baer said in June it had opened an internal investigation in connection with FIFA after a corruption scandal engulfed football’s governing body. The bank said at the time that it was fully cooperating with the authorities.
FIFA was thrown into turmoil last year when U.S. authorities announced the indictment of 14 people on May 27, seven of whom were arrested at their Zurich hotel.
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