New Swiss law to target graft in world sporting bodies
It will allow prosecutors to launch corruption probes against Fifa, IOC and others
Geneva
WITH the scandal at football's governing body raging, the upper house of Switzerland's Parliament voted through a bill on Wednesday dubbed "Lex FIFA", aimed at cracking down on corruption inside international organisations.
The bill, which was put forward last year and still must pass in the lower house of Parliament, was voted through the Senate just a day after Fifa president Sepp Blatter, arguably the most powerful man in world sport, announced his resignation amid a corruption scandal.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons