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BRAZIL AND US INVESTIGATE QATARI PAYMENT’S LINK TO WORLD CUP

29 November 2017

Authorities in the US and Brazil are investigating whether a $22 million payment by Qatar is linked to the vote for hosting the 2022 World Cup.

The payment was made to an account that the Brazilian justice ministry and the FBI believe is linked to the Brazilian Football Federation’s former chief, Ricardo Teixeira.

Texeira resigned from his post five years ago, following investigations into money laundering and fraud. He was a member of FIFA’s Executive Committee, which took the vote in 2010 to award Qatar the 2022 World Cup.

Corruption allegations in football are nothing new. When big money, status and rewards are at stake, there will always be the potential for bribery.

It is something we have written about on a number of occasions. Whether it be football or any other kind of business, anyone looking to do a deal has to take precautions. This means carrying out checks on potential trading partners, making sure the deal is not a front for illegal activities and not going ahead with it until you are satisfied that it is all legal and above board.

Otherwise, the penalties can be huge.

Read our article: CORRUPTION: HOW TO DEFEND YOURSELF