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Corruption connections Julius Baer employee let go over FIFA dealings

Julius Baer is Switzerland's third-largest bank


The private bank Julius Baer has dismissed an employee in connection with the corruption scandal at FIFA, the world football governing body based in Zurich. 

A spokesman for the bank on Tuesday said a client advisor had been fired in connection with corrupt dealings at FIFA and no longer works at the bank.

Following the arrests of several senior FIFA officials on corruption charges last May, Julius Baer opened an internal investigation into the affair and said it was fully cooperating with authorities. 

Julius Baer is Switzerland’s third-largest bank and was one of several financial intermediaries mentioned in the United States’ Department of Justice charges against the FIFA officials. 

So far, 39 individuals and two entities have been accused of being involved in corruption, racketeering, fraud and money laundering at FIFA over the past 25 years.

About $80 million (CHF80.4 million) of assets deposited in 13 accounts have been frozen.

The Swiss justice authorities are working on the investigation along with their US counterparts, and several individuals arrested in Switzerland have since been extradited to the US. and agencies

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