United States: Football: South America confed lost US$140 million to graft – president
Author(s): Anthony Boadle, Brad Brooks | Date: April 27, 2017 | Language: English
Source: http://www.straitstimes.com/ | URL: https://goo.gl/XfmTei | Type: Text
The head of South American football confederation Conmebol said on Wednesday (April 26) the body lost more than US$140 million (S$195 million) to graft under former managers indicted in a US corruption investigation.
Between 2010 and 2014 “Conmebol was defrauded of more than US$140 million,” its president Alejandro Dominguez told AFP after unveiling the findings of an external audit at the confederation’s congress.
South American football officials have been heavily implicated in the US-led investigation into corruption in world football which led to the downfall of Fifa president Sepp Blatter in 2015.
Dominguez of Paraguay was appointed to root out graft in Conmebol after investigations indicated officials had pocketed millions of dollars in bribes for awarding sponsorship and marketing contracts.