Thursday, September 01, 2016

Franz Beckenbauer Under Investigation Over Germany 2006 World Cup bid

German football legend Franz Beckenbauer and three others are under investigation by the Swiss Federal prosecutors over allegations of corruption in the course of Germany 2006 World Cup bid.


The Office of The Attorney General of Switzerland, in a statement,suspect the 70 year old German legend, Hans-Rudolf Schmidt, Theo Zwanziger and Wolfgang Niersbach who were members of 2006 World cup organising committee (with Beckenbauer as president) of fraud, criminal mismanagement, money laundering and misappropriation.

"The proceedings relate in particular to allegations of fraud, criminal mismanagement, money laundering and misappropriation.

"The suspects were members of the executive board of the organising committee for the 2006 World Cup in Germany".

investigation centres on the use of 7m euros (£6m; $7.8m), later reduced to 6.7m euros, earmarked for a gala event.

"It is suspected that the suspects knew that this sum was not being used to fund the gala event, but instead to repay a debt that was not owed by the DFB," prosecutors said in a statement.

"In particular, it is suspected that the suspects wilfully misled their fellow members of the executive board of the organising committee for the 2006 World Cup

"This was presumably done by the use of false pretences or concealment of the truth, thus inducing the other committee members to act in a manner that caused DFB a financial loss".

Beckenbauer, who captained Germany to victory in 1974 World Cup and coached the side that won the trophy in Italy in 1990 has denied any wrong doing though he admits makin "mistake" in the bidding process to host the competition in 2000.

Germany beat South Africa 12-11 in the World Cup vote, which took place in July 2000.

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