Sports
Benfica president Luis Vieira arrested over alleged $118m fraud
Agency Report
The President of Portuguese footballing giant, Benfica, Luis Filipe Vieira has been arrested for alleged fraud local, media reported on Wednesday.
According to reports, Vieira’s home and office as well as the Novo Banco bank were searched as part of an investigation into possible financial irregularities.
Portuguese legal authorities said four people had been taken in for questioning as part of a probe into fraud.
Portugal’s Public Prosecution Service said in a statement that they were investigating “deals and financings totalling more than 100 million euros (118 million dollars), which may have resulted in heavy losses for the state and some of the companies”.
The investigation reportedly stretches back to 2014 and possible offences include “breach of trust, aggravated fraud, forgery, tax fraud and money laundering,” it added.
In November, the country’s general prosecutor’s office carried out series of raids, including at the premises of Benfica.
Prosecutors said they were investigating “a range of cases, all linked to professional football”, adding that they were related to sporting and financial partnerships, the acquisition by clubs of players’ sporting rights and “loans agreed with a Singapore national”.
Last October, real estate businessman Vieira was re-elected president of the 37-time Portuguese champions, who also won the European Cup twice in the 1960s, extending a reign that began in 2003.
(AFP)
-
Metro23 hours ago
Four-year-old boy dies while eating in Abuja school
-
Metro24 hours ago
Ogun police arrest two ‘one chance’ robbers
-
Metro24 hours ago
Lagos destroys shops in Ajah market, arrests two traders
-
News19 hours ago
US court overturn ex-Hollywood producer Harvey Weinstein’s rape conviction
-
Metro19 hours ago
Oyo police arrest trigger-happy officer who killed NYSC member
-
Metro19 hours ago
Mother, child electrocuted in Ogun market
-
News17 hours ago
Don’t restrict yourself to employer-sponsored health plans – SUNU Health
-
News15 hours ago
Boat mishap: CILT demands stakeholders’ collaboration for waterways safety