Health Ministry launches World Health Survey 2025 Survey to collect accurate health status database of Saudi population    Dr. Al-Rabeeah at UK House of Lords: Saudi Arabia provides $134 billion in aid to 172 countries in 30 years    Saudi Arabia receives first Hajj 2025 pilgrims from multiple countries    3rd phase of Vision 2030 to focus on sustaining transformation and capitalizing on emerging growth opportunities    Housing minister expects moderate real estate prices in Riyadh    Travel mayhem in Spain and Portugal as power outage grounds flights, paralyzes train networks    Saudi Arabia at ICJ: Israel turns Gaza Strip into a pile of rubble    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    Hope and fear as tourists trickle back to Kashmir town after attack    Israel spy chief to step down after row with Netanyahu exposes deepening rifts    Localization in Saudi military industries rises to 19.35%    Logistics park for vehicles worth SR300 million to be set up at Dammam port    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Al-Falih: Eastern Province hosts 700 investment opportunities worth SR330 billion    Rock & Roll Hall of Fame picks Outkast but not Oasis    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Blatter 'reckless' to pay Platini $2m, new court ruling says
Published in The Saudi Gazette on 14 - 03 - 2017

Sepp Blatter was "reckless" when he paid $2 million to Michel Platini in a transaction that led both to be banned from world soccer, according to a Court of Arbitration for Sport ruling.
The former FIFA president also bypassed the body's executive committee to extend Platini's pension plan by four years — unlawfully adding more than $1 million to the former UEFA president's retirement fund.
Details of the hearing in August were revealed in a newly published 68-page verdict written by CAS judges to explain why they dismissed Blatter's appeal to overturn a six-year ban in December.
As an executive committee member since 2002, Platini was due a pension of 3 percent of his final FIFA stipend — $300,000 in 2015 when he was first banned — for each year of service. It would be paid annually for an equal number of years. By unilaterally supporting Platini's request to start the plan in 1998, Blatter unlawfully created a pension fund for his former protege of $2.6 million in 2015 instead of $1.52 million, the judges noted.
"The credit awarded to Mr. Platini therefore certainly amounted to a gift as he was not entitled to such credit," the three judges said, concluding that a six-year ban for the now 81-year-old Blatter is "not disproportionate and, indeed, reasonable and fair."
"The standard of ethical conduct required under the (FIFA code of ethics) should be and should be seen to be applied to the FIFA President as rigorously as if not more rigorously than that applied to anyone else," the CAS panel wrote.
The full judgment confirms details never published by the FIFA ethics and appeals committees which previously judged Blatter, the long-time president, and Platini, his expected successor.
Three separate judging panels agreed there was no verbal agreement or valid contract for Platini to receive backdated salary in 2011 for working as Blatter's presidential adviser from 1998-2002. The soccer officials said they agreed Platini should get 1 million Swiss francs annually, but later signed a contract for 300,000 Swiss francs to ensure he did not earn more than FIFA's then secretary general.
Platini asked for 2 million Swiss francs ($2 million) — not the 2.8 million Swiss francs he was allegedly owed, the court noted — in 2010 "upon learning of 'golden parachutes' received by (former senior FIFA officials) Urs Linsi and Jerome Champagne," the CAS ruling said.
"(Platini) went to see either the Secretary General or Finance Director of FIFA to say 'you know FIFA owes me money,'" the ruling said.
By helping force Champagne out of FIFA as Blatter's trusted international relations director, Platini indirectly earned the French former diplomat a seven-figure severance for his January 2010 exit.
The ruling stated that Blatter testified to recalling his verbal deal with Platini, but had "forgotten that they had a written contract (in 1999)."
"The Panel considers Mr. Blatter's conduct in the matter as FIFA President reckless, or at least profoundly careless, as he approved the payment without checking the written contract, without asking his employees for the written contract to be checked or doing any verification whatsoever," the judges said.
Platini, who attended the hearing as a witness, also seemed not to check his contract before requesting money that was paid in 2011, when Blatter was campaigning to win re-election.
"Mr. Platini said that he had not realized he had made a mistake about how much money was owed to him until the Swiss prosecutor showed him a copy of the August 1999 contract in September 2015," the court said.
Swiss federal police questioned Blatter and Platini at FIFA, one day after opening proceedings against the FIFA president for suspected criminal mismanagement. Platini was described then as "between a witness and an accused person."
Blatter has not been formally charged by Switzerland's attorney general. He is also a stated target of an American federal investigation of corruption linked to FIFA officials.
Platini is serving a four-year ban after winning a two-year cut in his sanction from a separate CAS panel. The ban removed the former France national team captain from the UEFA presidency and the February 2016 election race to succeed Blatter.
In the ruling, CAS also noted the "habitual" bonus culture of FIFA at the time of the World Cup hosting votes in December 2010, when Russia was awarded the 2018 tournament and Qatar was given the 2022 edition.
Two days before the vote in Zurich, the FIFA finance committee approved a $200,000 annual bonus for each executive committee member to supplement then-stipends of $100,000, according to CAS.


Clic here to read the story from its source.