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The Office of the Attorney General of Switzerland said in a statement on Wednesday it had opened up criminal proceedings "against persons unknown on suspicion of criminal mismanagement and of money laundering in connection with the allocation of the 2018 and 2022 football World Cups."
A separate probe has been opened up by the US Attorney's office which resulted in the arrest of nine FIFA officials and five corporate executives on Wednesday on charges of racketeering conspiracy and corruption which dates back to the 1990s, which could result in their extradition to the US. Officials are being investigated on the suspicion and acceptance of bribes and kickbacks for tournaments in the US and Latin America - including marketing, sponsorship, and media deals - that could total more than $100 million.
The Swiss and US law enforcement have co-ordinated on the proceedings, to avoid possible collusion, but these are not joint investigations.
Speaking at FIFA's press conference on Wednesday, Gregorio said in the Swiss case, FIFA is considered the "injured party." He added: "The timing may not be obviously the best but definitely FIFA welcomes this process and cooperates fully with the attorney general of Switzerland and the Federal Office of Justice."
Asked by a member of the press whether there should be a re-vote over where the 2018 and 2022 World Cups will be held, Gregorio responded: "Russia and Qatar will still be going ahead."
Pressed further by another journalist, Gregorio said: "What do you expect from us? You start to speculate [that for] Qatar and Russia [we will] have to redo voting. Russia and Qatar will be played. That is fact today. Not more and not less."
FIFA officials are in Zurich for the FIFA Congress where Blatter faces a challenge from Jordan's Prince Ali Bin Al Hussein in a presidential election on Friday. FIFA president Sepp Blatter is not involved in the Swiss procedure.
Gregorio said FIFA does not plan to postpone either the Congress or the election following the events on Wednesday.
The bidding process surrounding the 2018 and 2022 FIFA World Cups has been mired in controversy.
More to follow...