Soccer-Benfica president must pay 3 million euros to be released on bail, court says

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LISBON (Reuters) - Luis Filipe Vieira, who suspended his duties as president of Portuguese club Benfica after being detained as part of an investigation into alleged tax fraud and money laundering, will have to pay 3 million euros ($3.56 million) to be released on bail, a Lisbon court ruled on Saturday.

Vieira, 72, was taken into custody on Wednesday for questioning over deals worth more than 100 million euros that may have caused large losses to the state and several companies, public prosecutors said.

The court said that the three other people arrested alongside Vieira, including his business partner and his son, will also be released on bail and will not be placed under house arrest.

 

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