Tax evasion probe hits German soccer

German authorities have raided the offices and private homes of the country's national soccer establishment -- in a tax evasion probe.

Prosecutors are investigating six soccer officials on suspicion of tax evasion worth over $5.5 million.

The offices of the German Football Association were searched in Frankfurt on Wednesday (October 7). The raids of private homes hit both current and former officials.

The six individuals are suspected of intentionally falsely declaring income from advertising inside stadiums as income from asset management.

The association doesn't pay taxes on income from asset management, but it's obliged to do so on earnings from commercial activities.

The case relates to advertising during home games of the national team in 2014 and 2015.

Prosecutors haven't said who is being investigated, or revealed details of their positions within the organization.

The German Football Association did not respond to a Reuters request for comment.

Video Transcript

- German authorities have raided the offices and private homes of the country's national soccer establishment in a tax evasion probe. Prosecutors are investigating six soccer officials on suspicion of tax evasion worth over 5 and 1/2 million dollars. The offices of the German Football Association were searched in Frankfurt on Wednesday. The raids of private homes hit both current and former officials.

The six individuals are suspected of intentionally falsely declaring income from advertising inside stadiums as income from asset management.

The association does not pay taxes on income from asset management, but it is obliged to do so on earnings from commercial activities.

The case relates to advertising during home games of the national team in 2014 and 2015.

Prosecutors haven't said who is being investigated or revealed details of their positions within the organization.

The German Football Association did not respond to a Reuters request for comment.