U.S.
probes Nike payments under Brazil soccer deal: WSJ
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[June 13, 2015]
WASHINGTON (Reuters) - U.S.
authorities are examining payments made by Nike Inc under a 1996 soccer
sponsorship deal with Brazil for possible evidence of wrongdoing by the
company or others, the Wall Street Journal reported on Friday, citing
people familiar with the matter.
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Although Nike has not been named or charged with any wrongdoing yet,
the company was swept into the corruption scandal that engulfed
soccer's governing body FIFA when a U.S. indictment released last
month described apparent kickback payments linked to a landmark 1996
Nike deal in Brazil.
The U.S. indictment said that in the 1996 deal "Sportswear Company
A" - apparently Nike - agreed to pay $40 million in "marketing fees"
that were not in its initial contract with the CBF to the Swiss bank
account of an affiliate of Brazilian sports marketing firm Traffic.
The company described in the indictment is Nike, the Journal
reported people familiar with the matter as saying.
(http://on.wsj.com/1HBJVrh)
New York FBI spokeswoman Kelly Langmesser declined to comment on the
report.
A spokeswoman for the U.S. Attorney's office in Brooklyn, New York,
which is leading the investigation, did not immediately respond to a
request for comment on Friday evening.
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Nike was not immediately available for comment.
Nike, the world's largest footwear maker, said in May that charging
documents regarding the FIFA bribery scandal do not allege the
company is engaged in criminal conduct. In another statement at the
time, it did not confirm or deny that it was the company in the
indictment but said it was cooperating with authorities.
(Reporting by Eric Beech in Washington and Rama Venkat Raman in
Bengaluru; Editing by Sandra Maler and Ken Wills)
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