- Yusuff Olayode Friday Sep 09, 2016
Former FiFA president, Sepp Blatter, and his former chief lieutenants are now under investigation over what FIFA called “illicit bonuses totalling $80 million (71mn euros)”.
FIFA’s ethics committee revealed in June that Blatter, Markus Kattner, and Jerome Valcke shared the whooping sum as “a coordinated effort” to “enrich themselves” between 2011-2015.
In a statement, the investigatory chamber of FIFA’s ethics committee announced it had opened “formal proceedings” against the three men who it suspects of “conflict of interest and corruption”, and added that it has passed on its finding to the Swiss police.
Mr. Blatter before this new investigation, is serving a six-year ban from football after he was discovered to have violated the standing ethics in authorising $2 million in 2011 to a former UEFA boss Michel Platini.
His lieutenant, Valcke, was banned for 12 years, and reduced to 10 after appealing.
Valcke was indicted over misconduct of television deals and 2014 World Cup ticket sales, while Kattner, was sacked in May over ‘breaches’ involving millions of dollars.