FIFA to get another US$92mil in compensation from money seized from banks after corruption probe

"This distribution of approximately $92 million as compensation for losses suffered highlights the importance of asset forfeiture as a critical tool in this endeavor," the Justice Department said in a statement. (File pic shows the Department of Justice in Washington)

WASHINGTON/NEW YORK: FIFA, world soccer's governing body, will receive another US$92 million in compensation for losses sustained in global soccer corruption schemes, the U.S. Justice Department said on Thursday.

In August last year, the department had said FIFA was going to receive $201 million in compensation for the losses. The money was seized from the bank accounts of former officials who were involved in the schemes and then prosecuted following a probe into years of corruption in world soccer.