FIFA accuses Blatter, others of $80m corrupt enrichment
An internal investigation by world football governing body FIFA
revealed yesterday that former FIFA president Joseph Blatter and other
top officials enriched themselves by more than 80 million dollars.
FIFA said in Berlin that Blatter, former secretary general Jerome
Valcke and former financial officer Markus Kattner enriched themselves
by more than 80 million dollars in the last five years.
It added in a statement that the investigation has revealed evidence of breaches of fiduciary duty.
FIFA said it also raised questions about the role of FIFA’s compensation sub-committee.
The Quinn Emanuel law firm conducting the investigation said contract
arrangements benefited a small group of former FIFA officials and some
contained provisions that appear to violate Swiss law.
“The evidence appeared 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,’’ Bill Burck, Quinn
Emanuel partner, said.
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