Portugal’s Benfica president resigns after being arrested on tax evasion and money laundering charges

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Portugal's Benfica president resigns after being arrested on tax evasion and money laundering charges

Benfica club crest

Portuguese media reported today, Thursday, that Benfica club president Luis Felipe Vieira has resigned from his position after his activities were suspended following his arrest on charges of tax evasion and money laundering.

According to Portuguese state television and radio, Vieira, who has headed the club for 18 years, said in two letters to the chairman of the board of directors that he was no longer in a position to carry out his duties after his arrest.

Prosecutors said Vieira, 72, was arrested last week for questioning about deals worth more than 100 million euros, which may have caused huge financial losses to the country and several companies.

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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.

In Vieira’s absence, Benfica appointed club vice-president Rui Costa as interim president last Friday, but it is not yet known whether he will remain in the position permanently after Vieira’s official resignation.

Source: Reuters





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