(PORTUGAL) Court Report: A judge has ordered that the president of Benfica, the country’s biggest football club, be kept under house arrest until he posts €3m (£2.6m; $3.6m) bail.

#AceNewsReport – July.12: He had been Benfica’s president since 2003, but suspended his current term on Friday – two days after his detention: Mr Vieira’s lawyer says his client “is convinced of his innocence”.

#AceDailyNews says Portugal orders house arrest for Benfica football club president Luís Filipe Vieira, 72, is being investigated for suspected tax fraud, money laundering and other crimes and how Benfica develop players envied by the elite according to BBC News

Luís Filipe Vieira. File photo
Luís Filipe Vieira suspended his current term as Benfica’s president on Friday

Prosecutors and tax inspectors have searched dozens of premises, including club offices. 

Three other people who were earlier detained for questioning have been released on bail.

The prosecutors are investigating deals worth more than €100m that may have resulted in heavy losses to the Portuguese state and several companies.

The Lisbon-based club has stressed that it is not under investigation. 

The position of Benfica’s president has been taken over by Rui Costa, a former Benfica star and Mr Vieira’s vice-president.

#AceNewsDesk report ………Published: July.12: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#benfica, #football-club, #fraud, #money-laundering, #portugal