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FIFA says Blatter and Other top Officials Enriched Themselves with $80m

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ZURICH, SWITZERLAND - MAY 30: FIFA President Joseph S. Blatter talks to the press during the FIFA Post Congress Week Press Conference at the Home of FIFA on May 30, 2015 in Zurich, Switzerland. (Photo by Alessandro Della Bella/Getty Images)

An internal investigation by world football governing body FIFA revealed on Friday 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 generalJerome 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.

Photo Credit: Alessandro Della Bella/Getty Images

Written by Eugene Nyavor

Eugene Nyavor is the Founding Editor at Gh Links. A well bred journalist with a flair for entertainment, society and arts, He loves covering events and reporting personalities for the public consumption.

Reach me via Email: [email protected]

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