Zurich — FIFA's ethics investigator has ordered
football officials to return luxury watches
worth more than $25 000 over the coming
weeks.
FIFA says the Brazilian federation distributed
gift bags with the watches at the pre-World
Cup Congress to the 28 executive committee
members as well as an official with each of the
32 teams.
FIFA says that the Brazilians obtained the
watches from sponsor Parmigiani for $8 750
each. But an appraisal found that the watches
had a market value of 25 000 Swiss francs ($26
600).
FIFA says ethics proceedings won't be launched
against officials who return the watches by
October 24. The returned watches will then be
donated to a non-profit organization or
"organizations committed to corporate social
responsibility projects in Brazil."

source: m.news24.com/nigeria/Sport/Football/FIFA-orders-return-of-expensive-watches-20140918