Markets in Trouble
FIIs extended their record net purchases of Indian stocks to a 26th consecutive sessions on Thursday, despite sharp share falls sparked by worries the Fed would unwind its monetary stimulus earlier than expected. Full Article | Track BSE indices
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
FIFA chief Blatter says impossible to stop cheats
NOUAKCHOTT (Reuters) - The head of world soccer governing body FIFA said on Thursday that cheats would always exist in the sport and it would be impossible to stop them, after revelations of a global match-fixing scandal this week.
European police revealed on Monday that about 680 suspicious matches, including qualifiers for the World Cup and European championship and the Champions League, had been identified in a match-fixing inquiry.
"We are in a game and in a game there are always cheats. The cheats will never be stopped," Sepp Blatter, the FIFA president, told a news conference in Nouakchott, Mauritania.
Blatter is on a four-nation tour of Africa before Sunday's African Nations Cup final in South Africa.
He said the allegation of match-fixing and manipulation of soccer results were not new.
"We know that there are games that are manipulated and we also know that it is very, very difficult to get the organisations (behind them) and especially the cheats," Blatter said in French.
"This is a serious danger. If games are rigged, there is no more interest in watching football," he said.
However, Blatter added that most of the matches cited in the European investigation had already been uncovered and some of the cases were in court.
The allegation is the latest in a series of corruption scandals that have wracked the world soccer body.
FIFA said on Wednesday it had launched a web page to enable individuals to make anonymous reports of corruption by officials and attempts at match-fixing.
But Blatter said even FIFA's "early warning system" was far from effective in curbing the problem and there was no legislation to punish the people behind the scams that are threatening the global game.
"There is virtually no legislation that allows countries to condemn these people, because some of this is done electronically using computers," he said.
(Reporting by Laurent Prieur; Writing by Bate Felix; Editing by Alison Wildey)
- Tweet this
- Share this
- Digg this