Bank Hapoalim agrees to pay over US$30 million for its role in FIFA scandal - DOJ

Bank Hapoalim agrees to pay over US$30 million for its role in FIFA scandal - DOJ

Bank Hapoalim B.M. agreed to pay more than US$30 million (23.8 million pounds) for its role in the FIFA money laundering conspiracy, the U.S. Department of Justice said on Thursday.

FILE PHOTO: Logo of FIFA is seen in Zurich
FILE PHOTO: The logo of FIFA is seen in front of its headquarters in Zurich, Switzerland September 26, 2017. REUTERS/Arnd Wiegmann

WASHINGTON: Bank Hapoalim B.M. agreed to pay more than US$30 million (23.8 million pounds) for its role in the FIFA money laundering conspiracy, the U.S. Department of Justice said on Thursday.

The Israeli bank and its wholly-owned subsidiary admitted they, through employees, conspired to launder over US$20 million in bribes and kickbacks to soccer officials with Fédération Internationale de Football Association (FIFA) and other soccer federations, the DOJ said in its statement.

(Reporting by Chris Prentice; Editing by Chris Reese)

Source: Reuters

Bookmark