Bank Hapoalim agrees to pay over $30 million for its role in Fifa scandal

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The Fifa logo is seen in front of its headquarters in Zurich, Switzerland. - Reuters file
The Fifa logo is seen in front of its headquarters in Zurich, Switzerland. - Reuters file

Washington - The bank admitted they, through employees, conspired to launder over $20 million in bribes and kickbacks to soccer officials

By Reuters

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Published: Thu 30 Apr 2020, 10:49 PM

Last updated: Fri 1 May 2020, 12:54 AM

Bank Hapoalim B.M. agreed to pay more than $30 million (23.8 million pounds) for its role in the Fifa money laundering conspiracy, the U.S. Department of Justice said on Thursday. 
The Israeli bank and its wholly-owned subsidiary admitted they, through employees, conspired to launder over $20 million in bribes and kickbacks to soccer officials with Fédération Internationale de Football Association (Fifa) and other soccer federations, the DOJ said in its statement.
 
 



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