02-2020 Latin American Economy & Business Report
Economy & Business Report
The new face of China’s chequebook diplomacy in Central America
and money laundering, among other offences. The US attorney general, Loretta Lynch, described the corruption as “rampant, systemic, and deep- rooted”. The indictment went on: “Two generations of soccer officials abused their positions of trust for personal gain, frequently through an alliance with unscrupulous sports marketing executives who shut out competitors and kept highly lucrative contracts for themselves through the systematic payment of bribes and kickbacks [mostly] in connection with the commercialization of the media and marketing rights associated with various soccer matches and tournaments.”
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