ISO 9001:2008 CERTIFIED NEWSPAPER No change Ronaldo leads in oil output Portugal to ceiling big win Business | 17 Sport | 27 Thursday 12 June 2014 • 14 Sha’baan 1435 • Volume 19 Number 6094 www.thepeninsulaqatar.com
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[email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 World Cup begins today Graft charges Loan terms for fabricated, says ex-FIFA official DOHA: The former General expats may Secretary of FIFA Michel Zen- Ruffinen has described the corrup- tion allegations related to 2018 and 2022 World Cup as “fabricated” “Today, I am certain that the be tightened information I received from a European source was a fab- rication,” said Zen-Ruffinen Banks wary of sponsorship change in an exclusive interview with INSIDEWorldFootball.com, refer- DOHA: Amid reports of would undertake to repay 50 per- ring to the rumours of vote collu- impending reforms in sponsor- cent of a loan amount in the event sion in the race for the 2018 and ship law, banks here are gearing of default. The guarantor could 2022 World Cup hosting rights. up to tighten lending conditions either be a Qatari or expatriate. The former General Secretary for expatriates. Some banks have already begun of FIFA is critical of English jour- A top banker has revealed that insisting that expatriates applying nalists who misled him. banks have sought the approval for a loan furnish an undertaking of Qatar Central Bank (QCB) to from a Qatari guaranteeing repay- tighten the conditions for dis- ment. Banking sector sources told pensing personal loans to expa- Al Arab that further tightening of Mercury likely to triates in a liberalised sponsorship the lending conditions might lead and exit permit regime.