Midar offers investment opportunities in its newest project, Mada, in East Cairo    Mercon Developments introduces Nurai Project in New Cairo with EGP 10bn investment    Madinaty to host "Fly Over Madinaty" skydiving event    China's revenue drops 2.7% in first four months of '24    Turkish Ambassador to Cairo calls for friendship matches between Türkiye, Egypt    FTSE 100 up, metal miners drive gains    China blocks trade with US defence firms    Egypt's c. bank offers EGP 4b in fixed coupon t-bonds    Health Ministry adopts rapid measures to implement comprehensive health insurance: Abdel Ghaffar    Rafah crossing closure: Over 11k injured await vital treatment amidst humanitarian crisis in Gaza    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    Russian refinery halts operations amid attacks    Partnership between HDB, Baheya Foundation: Commitment to empowering women    NBE, CIB receive awards at EBRD Annual Meetings    Venezuela's Maduro imposes 9% tax for pensions    Health Minister emphasises state's commitment to developing nursing sector    20 Israeli soldiers killed in resistance operations: Hamas spokesperson    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Niger restricts Benin's cargo transport through togo amidst tensions    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



FIFA asks arrested finance watchdog member for explanation
Published in Ahram Online on 07 - 09 - 2014

FIFA has asked for an explanation from a member of its financial watchdog who was arrested on suspicion of corruption and money-laundering in the Cayman Islands.
Canover Watson, one of eight members of FIFA's Audit and Compliance Committee and a vice-president of the Caribbean Football Union, has denied the charges and been released on bail in the British overseas territory.
Domenico Scala, head of the committee, said he had asked Watson for details.
"In agreement with the Ethics Committee we have asked Canover Watson whether he can share with the Audit and Compliance Committee any additional information," said Scala in a statement issued by FIFA. "Once we have more information we will consider appropriate measures."
The FIFA committee is charged with ensuring the "completeness and reliability of the financial accounting" of world soccer's governing body.
Cayman Islands Anti-Corruption Commissioner David Baines, in a statement to local media, said that Watson was suspected of "breach of trust contrary to section 13 of the Cayman Islands Anti-Corruption Law, as well as abuse of public office... and conflict of interest".
Those allegations refer to Watson's time at the head of Cayman's Health Service Authority and follow a police investigation into the introduction of a swipe card system.
Baines also cited "suspicion of money-laundering contrary to section 133 of the Proceeds of Crime Law" in the Watson case.
Watson denied the allegations in a statement to the Cayman Compass newspaper. The newspaper said no charges had yet been filed against Watson who under his bail terms is due to report back to police on Sept. 29.
(For more sports news and updates, follow Ahram Online Sports on Twitter at@AO_Sportsand on Facebook atAhramOnlineSports.)
http://english.ahram.org.eg/News/110137.aspx


Clic here to read the story from its source.