Police raid Argentine Football Association in money laundering probe, source says

By Agustin Milic, Federico Jofre, CNN

(CNN) — Police in Argentina raided the country’s national football association headquarters and more than 30 soccer clubs on Tuesday, according to a police source who spoke with CNN.

The source said that Federal Judge Luis Armella ordered the raids as part of a case investigating alleged money laundering by the financial firm Sur Finanzas, one of the main sponsors of Argentine football’s governing body.

Sur Finanzas said in a statement last week that all the services it provides are carried out in compliance with current regulations and referred to the accusations as “unfounded.”

Video taken by CNN and affiliate TN on Tuesday shows uniformed federal police moving in and out of the Argentine Football Association building in Buenos Aires.

CNN contacted the AFA for comment and is still awaiting a response.

A source familiar with the case told CNN that the investigation began following suspicions of irregularities in Sur Finanzas’ contract with Club Atlético Banfield, one of the most historic teams in Argentina’s top soccer division.

Banfield said in a statement that the club will cooperate with the investigation.

The same source said that after authorities initially raided Banfield and Sur Finanzas, documents were found that allegedly linked the company to other clubs in different divisions. As a result, more than 30 raids were approved on Tuesday to verify whether there are irregularities in other contracts.

This story has been updated.

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