“kickbacks” is a correct and usable word in written English.
It is a noun that describes a financial reward in the form of money, goods, or services, given for a favor or advantage, usually secretly. For example, “He was arrested for accepting kickbacks from his business partners.”.
Twin Swiss and US investigations focussing on a far-reaching culture of kickbacks in Fifa have thrown the congress in Zurich into chaos, including both the re-election bid of Fifa president Sepp Blatter and other business on the agenda including the Palestinian bid to have Israel suspended.
Apparently consisting of a dozen intercepted conversations that took place in a Bratislava flat, Gorilla allegedly caught rightwing politicians and the owner of an influential local capital group discussing millions of euros in kickbacks from rigged privatisation sales and fixed public procurement tenders.
The reality was that Mohammed had simply not paid enough bribes and kickbacks to the local police, even though he had already put himself $200 in debt by borrowing money to pay off officials.
HSBC accounts had been involved, the filings stated, in a $500,000 £328,0000) transfer from a sports marketing company connected with Fifa to a luxury yacht manufacturer, as well as a number of wire transfers connected to alleged payment of bribes or kickbacks.
"Beginning in or about 1993 and continuing through the early 2000s, I and others agreed to accept bribes and kickbacks in conjunction with the broadcast and other rights to the 1996, 1998, 2000, 2002 and 2003 Gold Cups," he told the judge.
The Index, which is closely watched by investors, economists, and civil society campaigners, is based on expert assessments and data from 17 surveys from 13 independent institutions, covering issues such as access to information, bribery of public officials, kickbacks in public procurement, and the enforcement of anti-corruption laws.
They turned out to be right: the transcript only confirmed Blazer's own admitted felonies, including trousering bribes to vote for South Africa and bribes and kickbacks for selling TV and other rights to the 1996, 1998, 2000, 2002 and 2003 Gold Cups.
Entering his plea, Blazer then detailed the long list of events and marketing contracts on which he and others took kickbacks.
Blatter has been at Fifa for 40 years, since his now disgraced predecessor João Havelange personally plucked him from watchmaker Longines to lead the commercialisation of the World Cup that has seen revenues rise in direct correlation with endless claims of bribery and kickbacks.
And in Brazil, a new inquiry has been launched into the controversial dealings of Ricardo Teixeira, the former head of the Brazilian football association, who is accused of making $150m in kickbacks.
Financial kickbacks to the Treasury from our "investments" perhaps also smooth doubts.
