FOOTBALL TRANSFER ‘DARK MONEY’ FUNNELLED THROUGH UK AND SCOTTISH COMPANIES

The Sunday Herald on 20th July reported that there are growing fears that shell companies registered in the UK are being used to make invisible side payments on global player transfers.  One case involving suspicions is reported – Moscow’s Dynamo has dismissed its general director after discovering payments made to an English LLP when it signed Konstantin Rausch, a wing back, from Germany’s Köln earlier this year.  Dynamo’s chairman Vladimir Strzhalkovsky discovered a payment of €1.25 million to an LLP called Golden Toys, according to recent news media reports in both Germany and Russia.

http://www.heraldscotland.com/news/16366184.footballs-dark-money-funnelled-through-uk-and-scottish-firms/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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