More problems for wog ball

The wog ball scandals keep on coming, with US authorities examining whether effective bribes passed between Fifa-linked bodies and US commercial partners in breach of Foreign Corrupt Practices Act.

US securities regulators are examining the behaviour of several companies with links to Fifa or other soccer bodies caught up in a major global corruption scandal to see if there were possible violations of US federal bribery laws, according to a report.

The civil probe was in its early stages and may or may not lead to any findings of wrongdoing or enforcement action, said the Reuters news agency, citing an unnamed official who described an investigation being carried out by the US?Securities and Exchange Commission.

Separately, the head of Bolivia?s soccer federation, Carlos Chavez, has been arrested on charges of corruption in the management of finances related to the sport, according to that country?s public prosecutor.

US and Swiss authorities are conducting a wide-ranging investigation into bribery involving soccer officials, marketing executives and various companies. In late May the US indicted nine soccer officials ? most of whom held positions at Fifa ? and five executives for a range of offences related to more than $150m of alleged bribes and kickbacks. ?

The SEC probe centred on publicly traded companies who have been involved in soccer contracts, such as athletic shoes and sportswear company Nike, said the Reuters source, who asked not to be named because of the non-public nature of the investigation.

The exact scope of the probe and the names of other companies being scrutinised could not be learned, Reuters said.

Although Nike has not been specifically named or charged with any wrongdoing, the company was swept into the scandal when US prosecutors in the indictment described bribes and kickbacks in connection with a landmark 1996 deal in Brazil.

The description of the $160m, 10-year deal signed by ?Sportswear Company A? matched the details of Nike?s agreement to become the footwear and apparel supplier and sponsor of the Brazilian national team, which at that time was the most successful in the world.

In a statement on Friday a Nike spokesman said that the company ?is committed to co-operating with any government investigation into the Fifa matter?.

In late May Nike said that the government had not alleged it violated the law or knowingly took part in a kickback scheme.

These guys are as bent as a paper clip. If only the authorities would start looking into the UN they’d find much more graft there.

 

– The Guardian

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