Europe

A trio of British banks have launched internal reviews of transactions linked to the alleged corrupt payments by Fifa officials outlined by American investigators in the wake of last week’s swoop on football’s world governing body.

The banks – Standard Chartered, Barclays and HSBC – are understood to be looking into the details of payments worth hundreds of thousands of dollars after they were cited in the 164-page indictment put forward by US prosecutors following the arrest of seven officials in Zurich.

The allegedly suspect transactions included a $500,000 (£326,000) payment sent from a sports marketing company’s bank in New York to be credited to the account of a luxury yacht maker held by HSBC in London.

The original article can be found at www.independent.co.uk