Author Topic: Football club or clubs, investigated for money laundering...  (Read 259 times)

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Offline bearsdenred

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Football club or clubs, investigated for money laundering...
« on: October 31, 2018, 08:58:39 AM »
Be interesting to see where this investigation leads to. Wonder if some of these massive " transfers over to the years in Englands best league in the world are in question. Could the sale of sevco be also up there as money laundering? or the old EBTS schemes? Or will this just be an English problem

At least one professional football club is under investigation for alleged money laundering, security minister Ben Wallace has revealed.

Wallace told MPs "a club or clubs" were being looked into when asked about the issue at a Treasury Select Committee meeting on Tuesday.

"I couldn't reveal how many and what they are, for that is an operational matter," he added.

He said to reveal more details could "threaten investigations".

But he added: "The sports industry is as susceptible as anything else to dirty money being invested or their organisations being used as a way to launder money."

Wallace was speaking after Labour MP John Mann asked him: "When it comes to money laundering, how many professional football clubs have been deemed as requiring investigation currently?"