Bar­clays launches re­view af­ter FIFA probe: source

The China Post - - INTERNATIONAL -

Bar­clays has launched an in­ter­nal re­view into whether its ac­counts were used for cor­rupt pay­ments by FIFA of­fi­cials, a bank­ing source told AFP on Sun­day.

It comes af­ter the UK bank was named in a U.S. in­ves­ti­ga­tion into cor­rup­tion at foot­ball’s world gov­ern­ing body, in which seven FIFA of­fi­cials were ar­rested this week in Zurich.

The source would not give any fur­ther de­tails, and a Bar­clays spokesman de­clined to com­ment.

Bar­clays was among three banks with Bri­tish head­quar­ters named in the U.S. in­dict­ment, which out­lined how tens of mil­lions of dol­lars were hid­den in off­shore ac­counts.

An­other, Stan­dard Char­tered, said in a state­ment on Fri­day: “We are aware that two pay­ments cleared by Stan­dard Char­tered are men­tioned in the in­dict­ment. We are look­ing into those pay­ments.”

The third named bank, HSBC, has so far de­clined to com­ment.

The UK’s Se­ri­ous Fraud Of­fice said Fri­day that it “con­tin­ues ac­tively to as­sess ma­te­rial in its pos­ses­sion and has made plain that it stands ready to as­sist on­go­ing in­ter­na­tional crim­i­nal in­ves­ti­ga­tions.”

U.S. au­thor­i­ties have so far in­dicted 14 peo­ple, in­clud­ing the seven FIFA of­fi­cials held on Wed­nes­day, on charges of in­volve­ment in US$150 mil­lion of bribes for sports me­dia con­tracts.

A se­nior U.S. legal of­fi­cial has said more in­dict­ments are likely in the case.

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