FIFA $10m payment not in CFU accounts

The $10 million sent from FIFA to Jack Warner never appeared in the annual accounts of the Caribbean Football Union (CFU) and nor did FIFA track the money to ensure it had been invested correctly.
The money, which according to a U.S. Justice Department indictment was a bribe for Warner and his deputy, Chuck Blazer, to vote for South Africa to host the 2010 World Cup, was sent in 2008 and officially destined for the CFU as a legacy programme to support football in the Caribbean.
Instead, the money was removed from the CFU bank account in New York and used by Warner in a number of ways, including paying Blazer $750,000.
The bribery scandal has caused a crisis in the world governing body and last week, Sepp Blatter announced he is to step down as FIFA President.
The CFU’s financial statement for 2008 makes no mention of the $10 million payment going through its bank account, stating that its only revenue was $1 million from tournament sponsorship and $15,000 in membership dues.
The CFU audit was carried out by Kenny Rampersad, who was also the personal accountant of Warner and Blazer.
The $10 million dollars did not show up in the 2008 financial statements of the CONCACAF federation either.
Warner was president of both the organisation and the CFU.
FIFA insists that “member associations and confederations have to provide FIFA with an audited financial statement every year”. to ensure that “all financial assistance payments are invested correctly.”
The organisation said, however, it had not had the right to audit the CFU.
A FIFA spokesman said: “The Caribbean Football Union is not a member association of FIFA, so FIFA has no right to audit it and has not done so.”
The $10 million payment was paid by FIFA to Warner at the request of South Africa, but is not itemised in FIFA’s 2008 accounts.