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Swiss police raid UEFA as Panama Papers scandal spreads
Source: Reuters
Money | Wed Apr 6, 2016 7:29pm EDT
Swiss police raid UEFA as Panama Papers scandal spreads
ZURICH/REYKJAVIK, | BY BRIAN HOMEWOOD AND RAGNHILDUR SIGURDARDOTTIR
Swiss police raided the European soccer body UEFA on Wednesday to seize information about a contract disclosed in the Panama Papers that was signed by Gianni Infantino, now head of the global soccer body FIFA.
The impact of the leaked documents from a Panamanian law firm is snowballing, with Iceland facing a political crisis after its prime minister stepped aside on Tuesday following revelations about his wife's finances.
Recently elected Infantino joined a growing list of public figures and political leaders whose financial arrangements have come under scrutiny after the release of the 11.5 million documents, which have caused public outrage over how the rich and powerful can hide money to avoid taxes.
Infantino said he was "dismayed that his integrity was being doubted" by media reports which said the contract he signed several years ago as a UEFA official sold broadcast rights at a low price to a company which sold them on at a far higher price.
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Swiss police raid UEFA as Panama Papers scandal spreads
ZURICH/REYKJAVIK, | BY BRIAN HOMEWOOD AND RAGNHILDUR SIGURDARDOTTIR
Swiss police raided the European soccer body UEFA on Wednesday to seize information about a contract disclosed in the Panama Papers that was signed by Gianni Infantino, now head of the global soccer body FIFA.
The impact of the leaked documents from a Panamanian law firm is snowballing, with Iceland facing a political crisis after its prime minister stepped aside on Tuesday following revelations about his wife's finances.
Recently elected Infantino joined a growing list of public figures and political leaders whose financial arrangements have come under scrutiny after the release of the 11.5 million documents, which have caused public outrage over how the rich and powerful can hide money to avoid taxes.
Infantino said he was "dismayed that his integrity was being doubted" by media reports which said the contract he signed several years ago as a UEFA official sold broadcast rights at a low price to a company which sold them on at a far higher price.
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Read more: http://www.reuters.com/article/us-panama-tax-idUSKCN0X10C2
