Benfica president Luis Filipe Vieira resigns amid tax fraud investigation

Benfica president Luis Filipe Vieira resigns amid tax fraud investigation

Luis Filipe Vieira has resigned as Benfica president after his arrest for alleged tax fraud and cash laundering. Carlos Costa/NurPhoto through Getty Photographs

Luis Filipe Vieira, who suspended his duties as president of Benfica final week after being detained as a part of an investigation into alleged tax fraud and cash laundering, has resigned, the Portuguese membership stated in a press release.

Vieira, who ran the membership for 18 years, stated in a letter to the chairman of the board that he was now not ready to hold out his duties after his arrest.

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“The administrators of … Benfica attraction for [fans] to unite round their widespread targets and the safeguarding of the upper pursuits of the membership,” Benfica stated in a press release on their web site.

Vieira, 72, was taken into custody on July 7 for questioning over offers price greater than €100 million ($118m) that will have precipitated massive losses to the state and a number of other firms, public prosecutors stated.

A courtroom dominated on July 10 that Vieira would keep below home arrest till a €3m bail was paid and ordered him handy over his passport, giving him 20 days to pay the cash.

Rui Costa, previously vice-president of Benfica, took over final Friday as president after Vieira’s suspension. It isn’t but identified whether or not he’ll stay within the place completely following Vieira’s resignation. The board will meet on Friday to finalise the management adjustments.

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