News

Weekly Roundup: Swiss Investigate FIFA President, Canadian Bank’s German-Affiliate Raided, and More

Swiss officials have opened a formal investigation of FIFA President Sepp Blatter on suspicion of criminal mismanagement and misappropriation of the organization's funds, amid a wider Swiss and U.S. probe into money laundering and corruption, according to the Associated Press. Michel Platini, who is favored to succeed Blatter next year, was also questioned over an alleged $2 million payment he received from Blatter in 2011. More Swiss authorities on Wednesday authorized the extradition of Venezuelan FIFA official Rafael Esquivel to the United States to face corruption charges. FIFA on Thursday agreed to hand over emails from suspended official Jerome Valcke...

TO READ THE FULL STORY