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FIFA fines Caribbean member over finance rules

FIFA has fined ABFA for financial wrongdoing linked to a development project

Zurich: FIFA has fined the Antigua and Barbuda Football Association for financial wrongdoing linked to a development project.

FIFA says the Caribbean member's federation broke rules by agreeing to mortgage its technical center. The building was largely paid for by Goal program funds from FIFA.

The ABFA has been fined 30,000 Swiss francs ($33,800) and reprimanded by FIFA's disciplinary panel.

FIFA reports say the federation received $1.4 million since 2000 to modernize the training center on the island. FIFA has budgeted to spend $34 million in 2014 on Goal projects for its national members.

Accounting rules for FIFA spending were tightened in anti-corruption reforms following a 2011 election scandal which implicated Caribbean officials in receiving bribes.

( Source : AP )
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