08 Oct 2020
AP – The headquarters of the German soccer federation and the private homes of some of its members were searched early Wednesday as part of an investigation into tax evasion.
The Frankfurt public prosecutor said about 200 officers were involved in the raids in the German states of Bavaria, North Rhine-Westphalia, Hesse, Lower Saxony and Rhineland-Palatinate.
“The investigations into suspected fraudulent corporate and trade tax evasion in particularly serious cases are directed against six former or current officials of the DFB,” public prosecutor Nadja Niesen said, referring to the soccer federation. “They are accused of deliberately wrongly declaring false income from perimeter advertising from home matches for the national soccer team from 2014 and 2015 as income from asset management.”
The German federation is suspected of avoiding paying taxes of about 4.7 million euros ($5.5 million) for the period.
The authorities did not name any suspects.
Wolfgang Niersbach was the president of the federation at the time. Niersbach resigned in November 2015 when he was implicated in financial wrongdoing tied to organizing the 2006 World Cup.
Read more at the Associated Press
RiskScreen: Eliminating Financial Crime with Smart Technology
Count this content towards your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet