Argentine sports executives admit bribing FIFA officials
Two Argentine sports executives admit to bribing FIFA officials for media rights, forfeiting $50 million in a deal with US prosecutors to avoid trial. Read More: https://punchng.com/argentine-sports-executives-admit-bribing-fifa-officials/
Two Argentine sports marketing executives, Hugo Jinkis and Mariano Jinkis, have acknowledged to US prosecutors that they bribed FIFA officials in exchange for securing lucrative media rights. The admission came as the father-and-son duo struck a deal with US authorities to avoid facing trial. The scheme, which defrauded FIFA, CONCACAF and CONMEBOL, was uncovered during a major 2015 investigation into FIFA corruption.
The US investigation, which included searches of FIFA officials' homes in Zurich, resulted in numerous arrests, trials and subsequent guilty pleas. As part of their deal, the Jinkises agreed to forfeit $50 million in addition to paying tens of millions of dollars in bribes to soccer executives. They allegedly used the money to obtain media rights for matches like World Cup qualifiers and the Copa America.
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