December 13 2016
U.S. prosecutors on Tuesday announced an agreement allowing Argentine sports media Torneos y Competencias SA to pay about $112.8 million to settle charges stemming from a sweeping bribery probe targeting FIFA, soccer’s world governing body.
Under the deal, Torneos agreed to forfeit $89 million and pay a $23.76 million penalty. Prosecutors charged it with one count of wire fraud conspiracy, which will be dropped if it abides by the agreement’s terms for four years.