Fifa could draw US Congress inquiry over ‘smash-and-grab scam’, top Democrat warns
Summary
A top Democrat in the U.S. House of Representatives plans to investigate FIFA’s financial and political connections with President Donald Trump and his family if Democrats win control of the House in November. The investigation would focus on FIFA’s plan to spin off its commercial business into a separate company and its ties to the Kushner family and JPMorgan Chase.Key Facts
- Jamie Raskin, the top Democrat on the House judiciary committee, warned of a possible congressional inquiry into FIFA.
- FIFA is planning to create a standalone company for its commercial operations, valued around $20 billion.
- JPMorgan Chase is leading the fundraising, with investment interest from Thrive Eternal, linked to Joshua Kushner (brother of Jared Kushner, a Trump adviser).
- UEFA, Europe’s football governing body, has threatened to boycott FIFA competitions over this plan.
- FIFA gave President Trump a “peace prize” in December, shortly after he expressed frustration over missing the Nobel peace prize.
- The U.S. Department of Justice dropped bribery and money-laundering cases related to FIFA corruption, citing enforcement priorities.
- If Democrats win the House, Raskin could compel FIFA and associated entities to provide testimony and documents.
- Raskin accused FIFA of corruption and warned the organization to cooperate in good faith before a potential investigation.
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