Julius Baer dismisses employee in internal FIFA probe

Swiss bank Julius Baer has dismissed one of its client advisers as a part of its internal investigation into ties with globe soccer’s governing physique FIFA, the bank said on Tuesday.

The employee left quickly following quite a few fifa 16 moedas soccer officials have been arrested in Zurich last May well, a source familiar with the matter had stated earlier, adding this was the only member in the bank’s employees to become dismissed so far in connection with the probe.

“I can confirm to you that this employee has been dismissed,” spokesman Jan Vonder Muehll mentioned by phone, adding that the employee was dismissed in summer season 2015.

Baer said in June it had opened an internal investigation in connection with FIFA following a corruption scandal engulfed soccer’s governing physique. The bank mentioned in the time that it was completely cooperating with the authorities.

The dismissal was initial reported by Swiss finance blog Inside Paradeplatz.

Law enforcement sources familiar with fifa 16 coins investigations told Reuters final year that one particular Julius Baer banker was beneath investigation, principally by U.S. authorities, for probable illegal activity.

The particular person under investigation was said by the sources to be the key if not sole handler at Baer with the bank’s partnership with FIFA.

Zurich-based FIFA was thrown into turmoil last year when U.S. authorities announced the indictment of 14 people today on Might 27, seven of whom had been arrested at their Zurich hotel.

Baer, Switzerland’s third-largest listed bank, was among several banks described as financial intermediaries within the U.S. Division of Justice’s May possibly charge sheet against high-ranking FIFA individuals.