FIFA admits taking bribe for hosting World Cup

Posted on:17 Mar 2016 09:41:49
FIFA admits taking bribe for hosting World Cup
17 March 2016 Current Affairs: FIFA is seeking to claim tens of millions of dollars in bribe money seized by U.S. federal prosecutors. FIFA submitted a 22-page claim to the U.S. Attorney’s Office in New York that seeks a big share in restitution from more than $190 million already forfeited by soccer and marketing officials who pleaded guilty in the sprawling corruption case.Tens of millions of dollars more is likely to be collected by U.S. authorities when sentences are handed down, and from dozens of officials currently indicted but who have denied bribery charges or are fighting extradition.FIFA claims it is the victim of corrupt individuals, despite widespread criticism that bribe-taking was embedded in its culture in the presidencies of Joao Havelange and Sepp Blatter, who was forced from office after 17 years by the current scandal.FIFA is responsible for the organisation of football’s major international tournaments, notably the World Cup which commenced in 1930 and the Women’s World Cup which commenced in 1991.Although FIFA does not control the rules of football (that being the responsibility of the International Football Association Board), it is responsible for both the organization of a number of tournaments and their promotion, which generate revenue from sponsorshipFIFA is headquartered in Zürich, and is an association established under the Law of Switzerland.

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