World Economy
0

Tax Raid on German Football Association

Tax Raid on German Football Association
Tax Raid on German Football Association

German police raided the Frankfurt headquarters of Germany’s DFB football association on Tuesday and searched the private homes of officials on suspicion of tax evasion linked to the awarding of the 2006 World Cup, prosecutors said.

Frankfurt prosecutor Nadja Niesen said the raids were ongoing at the federation’s headquarters and at two private premises, AP reported.

“The raids are linked to the awarding of the football World Cup 2006 and the transfer of €6.7 million to FIFA,” Niesen said.

German daily Bild published photos it said showed the raid, while German news agency dpa reported that 50 officers and tax inspectors took part in the operation. Niesen said the prosecutors’ office was investigating “tax evasion in a particularly serious case.”

She would not release the names of people whose homes were being searched, but German media said they were federation president Wolfgang Niersbach and his predecessor, Theo Zwanziger.

Zwanziger has accused the federation of using a slush fund to buy votes ahead of Germany’s successful bid to stage the 2006 World Cup.

Niersbach has denied any wrongdoing, saying the €6.7 million (about $6 million) were paid to FIFA to obtain a large grant for the organizing committee.

Financialtribune.com