swiss prosecutors arrest chechen owner of xamax football club
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Swiss prosecutors arrest Chechen owner of Xamax football club

Arab Today, arab today

Arab Today, arab today Swiss prosecutors arrest Chechen owner of Xamax football club

Bern - Arabstoday

Swiss prosecutors said they arrested Chechen owner of Neuchatel Xamax football club Bulat Chagaev for suspected fraud. The detention came hours after the club said it would file for bankruptcy. Geneva prosecutors said in a statement on Thursday Chagaev was arrested to prevent “financial mismanagement” and that a hearing was scheduled for Friday. Xamax was stripped of its license last week because of suspected fraud and a failure to prove it could meet its financial obligations. Its debts are estimated at between $8.7-10.9 million. Russian businessman Chagaev, 51, bought the club in May for one million euro from Italian Silvio Bernasconi.

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swiss prosecutors arrest chechen owner of xamax football club swiss prosecutors arrest chechen owner of xamax football club

 



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