Exclusive: Julius Baer seeks to stem fallout from FIFA corruption case - sources

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[June 08, 2017]    By Joshua Franklin and Karen Freifeld

ZURICH/NEW YORK (Reuters) - Julius Baer <BAER.S> executives have told U.S. prosecutors that a former employee of the Swiss bank acted alone if, as alleged, he helped funnel kickbacks and bribery payments to a soccer official in the Americas, people familiar with the investigation said.

Logo of Swiss private bank Julius Baer is seen at an office building in Zurich, Switzerland July 24, 2016. Picture taken on July 24, 2016. REUTERS/Arnd Wiegmann

The former banker, Jorge Arzuaga, is close to resolving U.S. and Swiss investigations of his role in a corruption scandal that has roiled soccer's governing body FIFA, two of the people said.

(Editing by Susan Fenton)

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