Scotiabank to review CONCACAF sponsorship following corruption charges

CALGARY – One of Canada’s largest banks says it will review its involvement in sponsoring CONCACAF in the wake of corruption allegations against senior FIFA officials.

Scotiabank (TSX:BNS), which in December signed on as a major sponsor of the governing body for soccer in North America, Central America and the Caribbean, says it is disturbed by the allegations.

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The bank says it couldn’t comment on specifics because the matter is under investigation, but it will review its involvement as more details become available.

CONCACAF president and FIFA vice-president Jeffrey Webb was arrested Wednesday in Switzerland on racketeering and bribery charges, one of seven senior FIFA officials apprehended as part of a US$150 million bribery and kickback scandal.

FBI agents also raided CONCACAF’s offices in Miami.

CONCACAF said it was deeply concerned by the arrest of several international football officials including those belonging to its confederation.

The organization said it would continue to co-operate with the authorities to its fullest capacity.