Cadiz club CEO held without bail on money-laundering allegations

Image
IANS Madrid
Last Updated : Feb 03 2018 | 5:55 PM IST

Spain's National Court has ordered that Cadiz football club CEO Quique Pina should be held without bail pending an investigation into charges of money laundering.

The former player turned agent and businessman was arrested earlier this week and taken on Thursday to Madrid for questioning by National Court Judge Jose de la Mata, reports Efe.

Pina is accused of financial improprieties in connection with his work as a representative for players.

Before becoming CEO of Cadiz, currently playing in the second division, he held senior positions at Murcia and Granada.

The president of Cadiz, Manuel Vizcaino, said Thursday that the club board was taking direct control of all operations in the wake of Pina's arrest.

"It is beyond any doubt" that the accusations against Pina have nothing to do with his role at Cadiz, Vizcaino said.

--IANS

tri/vm

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 03 2018 | 5:48 PM IST

Next Story