Home' Trinidad and Tobago Guardian : March 14th 2014 Contents A50
Guardian www.guardian.co.tt Friday, March 14, 2014
CENTRAL BANK OF
TRINIDAD & TOBAGO
POST OFFICE BOX 1250 PORT-OF-SPAIN, TRINIDAD, WEST INDIES
TELE: 625-4835, FAX: (868) 623-1955
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Website Address: www.central-bank.org.tt
Fraudulent text messages: Central Bank is not giving out prize money
March 13th, 2014
The Central Bank of Trinidad and Tobago is warning members of the public not to respond to
fraudulent text messages being sent to their mobile phones asking them to contact the Bank to
collect prize money. The public should not send financial and personal information to these
numbers, nor to anyone claiming to be an agent of Central Bank.
Central Bank would like to make it absolutely clear that it is not running any competitions at this
time and it does not award money as prizes for competitions, nor disburse money to the public.
The Bank has referred this matter to local law enforcement.
Human Resource & Corporate Communications
MUNICH---Bayern Munich president Uli Hoe-
ness was found guilty yesterday and sentenced
to three-and-a-half years in prison for evading
millions of euros (dollars) in tax through an
undeclared Swiss bank account.
The 62-year-old Hoeness, one of the most
powerful figures in German soccer, was initially
charged with dodging €3.5 million (US$4.85 mil-
lion) in taxes through the Swiss account.
But when his trial opened Monday he admitted
to avoiding €15 million more.
Then it came out through an examination of
documents he provided to investigators shortly
before the trial that he owed €27.2 million in
total---a number Hoeness did not dispute.
Hoeness had faced up to ten years in prison,
and the sentence came between the five and a
half years suggested by the prosecution and the
defence s plea for probation, based on the fact
that he had turned himself in for tax evasion and
provided details to the court, the dpa news agency
Following the verdict, defence attorney Hanns
Feigen said he would appeal the decision to see
how a higher court would value Hoeness "not
ideal" confession. He added that he was convinced
the appeals court would come to a "better result"
than the Munich state court did.
Hoeness will remain free on bail pending the
outcome of the appeal.
German authorities have been cracking down
on tax evaders in recent years, and have recovered
hundreds of millions of euros. Their widely-pub-
licised purchase of leaked account information
on thousands of investors, as well as high-profile
cases such as that against Hoeness and former
Deutsche Post AG CEO Klaus Zumwinkel, has
led to thousands of people turning themselves
in.Hoeness, who also is part owner of a Nuremberg
sausage factory, reported himself to the tax
authorities last April---around the same time that
German media were investigating reports of high-
profile tax evaders.
News of the case against the national icon
prompted even Chancellor Angela Merkel s
spokesman to weigh in and say the country s
leader was disappointed in him.
As a player, Hoeness was a Bayern star who
won the 1972 European Championship and the
1974 World Cup with West Germany and three
straight European Cups---the predecessor of the
Champions League---before retiring in 1979 with
chronic knee problems.
He became the Bundesliga s youngest coach
when he was 27.
Bayern has been enjoying unprecedented suc-
cess under Hoeness presidency. The club stood
by him during the investigation, and its super-
visory board was expected to meet following the
verdict to see what steps to take next.
Bayern Munich said it would issue a statement.
In three decades as manager and president of
Bayern, Hoeness conducted a prudent financial
policy that left the club not only without debts
but with a fat bank account.
Hoeness refused to spend lavishly on foreign
superstars but brought in the best of German
talent. In recent years, Bayern started spending
more on players and the result was its first treble
last season, when it won the Champions League,
Bayern Munich president
sentenced to prison
the Bundesliga and the German Cup.
The club is on course to win the
Bundesliga again---perhaps even
undefeated---and could become the
first team to defend the Champions
League title. Bayern could accom-
plish the treble again.
Hoeness was also instrumental in
signing coach Pep Guardiola.
With three "strategic partners"---
Adidas, Audi and Allianz, which each
have an 8.33-per cent stake in the
club---Bayern has some of Germany s
best known companies behind it.
The club has also paid off its sta-
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