Picture Credit-Raindrops flow down on a logo in front of FIFA's headquarters in Zurich, Switzerland. REUTERS/Arnd Wiegmann

Julius Baer executives have told U.S. prosecutors that a former employee acted alone when he allegedly helped funnel kickbacks and bribery payments to a football official in the Americas, people familiar with the investigation told Reuters.

The former banker, Jorge Arzuaga, is expected to plead guilty over his role in the FIFA-related corruption, one of the people said.

Julius Baer parted company with an employee in 2015 “after he had admitted having violated applicable laws and internal policies”, a spokesman for the Swiss bank said.

But the employee “never told anyone at the bank that any account was being used as a conduit for bribes and that indeed he denied having such knowledge”, the spokesman added.

More than two years after FIFA officials were arrested in dawn raids at a five-star Zurich hotel, Julius Baer is trying to minimize the fallout over its connection to the scandal.

A person familiar with the matter said the individual involved is Arzuaga and that the Swiss investigation could be resolved as soon as next week.

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