FIFA has told its 209 member federations of their “major deficiencies” handling tens of millions of dollars in project money this year.
FIFA acting secretary general Markus Kattner says in a letter — “Control of FIFA development funds will be reinforced.”
Problems included failure to have a bank account specific for FIFA-approved money and poorly documented cash payments.
FIFA says “expenses reported differ substantially from amounts budgeted and approved by FIFA.”
Invoices and delivery vouchers with third parties are “not documented sufficiently.” Local laws relating to contracts and paying social taxes are broken.
FIFA allocated $ 55 million to give each member a basic $ 250,000 annual grant in 2016. Members can get an additional $ 600,000 for specific projects.
FIFA’s audit committee reviews each member’s accounts at least once every five years.
Platini pledges to tell ‘whole truth’ at FIFA ban appeal
Michel Platini has arrived at the Court of Arbitration for Sport pledging to “tell the truth, only the truth” as he appeals against a 90-day ban from FIFA.
Platini hopes his interim ban will be frozen by Friday to allow him to attend Saturday’s European Championship draw in Paris. The UEFA president could then resume campaigning for the FIFA presidency.
Platini says “I want to tell (the judges) more than what I told you (the media).”
Platini and Sepp Blatter face life bans before the FIFA ethics committee in Zurich next week. The case centers on the payment and timing of $ 2 million Blatter approved in 2011 for FIFA work Platini did more than nine years earlier.
ISL Semi-finals: Chennaiyin’s home leg in Pune
Nehru Stadium, Chennai in good shape
United, Wolfsburg, PSV with all to play for in Group B finale
Red-hot Lukaku strikes late to deny Palace
Please Wait while comments are loading…
1. Comments will be moderated by The Hindu editorial team.
2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
3. Please write complete sentences. Do not type comments in all capital letters,
or in all lower case letters, or using abbreviated text.
(example: u cannot substitute for you, d is not ‘the’, n is not ‘and’).
4. We may remove hyperlinks within comments.
5. Please use a genuine email ID and provide your name, to avoid rejection.