Benfica president resigns over allegations of tax evasion and money laundering

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Benfica, the Portuguese Premier League soccer club, said yesterday that its president, Luis Felipe Vieira, who was suspended after his arrest on allegations of tax evasion and money laundering, has resigned from his position. Vieira, who presided over the club for 18 years, said in a letter to the chairman that he was no longer in a position to carry out his duties following his arrest. “Benfica’s managers appeal to the fans to rally around common goals and protect the best interests of the club,” Benfica said in a statement on their website. The statement added that the board of directors will meet to finalize the changes to the club’s presidency. Prosecutors said Vieira, 72, was arrested last week for questioning about deals worth more than 100 million euros ($118 million) that may have caused huge financial losses to the country and several companies. The court decided last Saturday that Vieira will remain under house arrest until he pays three million euros in bail, and ordered him to surrender his passport and gave him 20 days to pay the bail according to a court document.

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