Price Waterhouse Cooper’s private firm has questioned the Confederation of African Football finances and has revealed evidence of a potential element of mismanagement and possible abuse of power.
” The accounting records of Caf are unreliable and not trustworthy” the report began as per Reuters,” Based upon the procedures performed and document reviewed, several potential abuse of power were found in key areas of financial and operations of Caf.
Given the serious nature of certain findings which identified from the preliminary due-diligence, we cannot rule out the possibility of potential irregularities.”
According to Reuters, PWC has also recommended that Caf examine in detail the broadcast deal signed with France sports marketing company Lagardere.
The report which covers 2017-2019, may well put further pressure on CAF President Ahmad Ahmad, after supervises from FIFA governing body were in previous corruption scandals six -month ago.
CAF President was last year accused of many wrong doing when it comes to CAF finances, when it was reported that, Ahmad had been escorted from the Berri Hotel by the Officials from France’s Central Office for combating corruption and Financial and tax crime.
FIFA President ,Gianni Infantino believed the continent’s reform was successfully ,PWC report may give him another thought on the nature of CAF’s financial management.
CAF financial reports were sent to FIFA till the date of 30/06/2017— Mohamed El Sherei (@Mohamed_Sherei) February 9, 2020
It was approved by FIFA to continue paying subvention to CAF
CAF have received the subventions on 2018 (wrongly transferred twice by FIFA)
CAF returned the wrong transfer after 2 days to FIFA. https://t.co/S7paMvU6tg
FIFA is ending its six-month intervention in African soccer’s governing body, it said on Sunday, after the mission to speed up the reform of football on the continent was “successfully completed”. #Africa #CAF #FIFA https://t.co/Vu0oPfEGtK pic.twitter.com/hTcJv8s6tX— WorldStage (@Worldstagegroup) February 3, 2020