Business Standard

Cadiz club CEO held without bail on money-laundering allegations

Image

IANS Madrid

Spain's National Court has ordered that Cadiz football club CEO Quique Pina should be held without bail pending an investigation into charges of money laundering.

The former player turned agent and businessman was arrested earlier this week and taken on Thursday to Madrid for questioning by National Court Judge Jose de la Mata, reports Efe.

Pina is accused of financial improprieties in connection with his work as a representative for players.

Before becoming CEO of Cadiz, currently playing in the second division, he held senior positions at Murcia and Granada.

The president of Cadiz, Manuel Vizcaino, said Thursday that the club board was taking direct control of all operations in the wake of Pina's arrest.

 

"It is beyond any doubt" that the accusations against Pina have nothing to do with his role at Cadiz, Vizcaino said.

--IANS

tri/vm

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 03 2018 | 5:48 PM IST

Explore News