Swiss UBS bank cooperates in investigations into FIFA corruption

Swiss bank UBS revealed that it has received requests from judicial authorities, as is the case with other financial institutions, to inquire about bank accounts with relation to the corruption scandal that has engulfed FIFA, the world’s soccer governing body.

UBS clarified in its quarterly report that the bank accounts in question belong to “football associations, individuals and entities”, while it highlighted its cooperation in current investigations.

Last week Credit Suisse also disclosed that it is cooperating with judicial inquiries in Switzerland and the United States.

A U.S. court has filed corruption charges against 14 former and current FIFA officials, as well as heads of associated business entities, while seven were arrested in May in Switzerland.

The United States requested the extradition of all defendants.

Two of them decided to turn themselves in voluntarily, while the rest refused this option.

The Federal Department of Justice in Switzerland is currently conducting parallel investigations regarding FIFA president Sepp Blatter, who is currently subject to provisional suspension for 90 days, over suspicions that he is involved in corruption cases, as well as UEFA president Michel Platnini, who has been provisionally suspended as well.

The Swiss prosecution noted that it is reviewing a considerable amount of information in relation to the bank accounts in question.