Don’t miss the latest developments in business and finance.

FIFA files court claims to retrieve USD 2 mn from Platini

Image
AFP Lausanne
Last Updated : Dec 16 2019 | 9:55 PM IST

FIFA said Monday it had filed court claims in Switzerland to force Michel Platini to return USD 2 million he received during Sepp Blatter's reign at world football's governing body.

FIFA banned Platini, its then vice president, in 2015 over the payment he received, sparking years of bitter recriminations from the Frenchman and a falling out with his former ally Blatter.

In a document seen by AFP last week, FIFA said it would take legal action by the end of the year "to recover the money illegally paid" by Blatter to Platini.

The organisation confirmed Monday it had launched such proceedings.

"This follows the unanimous resolution recently adopted by the FIFA Governance Committee in which it emphasised that FIFA was duty-bound to try to recover the funds illicitly paid by one former official to another," FIFA said in a statement.

"Even the Swiss Federal Supreme Court has confirmed that this 2 million Swiss franc gift (USD 2 million) was to be viewed as an 'undue payment'."
It added: "If and when successfully recovered, these funds (together with interest) will be fully channelled back into football development, which is where the money should have gone in the first place."

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Dec 16 2019 | 9:55 PM IST

Next Story