That, however, far exceeds the RMB 45m ($ 5.8 m) cap imposed on foreign transfers by the Chinese Football Association ahead of the last season's summer window, and the authorities have stepped in to remind both clubs that the regulation remains in place. (espnfcasia.com)
Chinese media however put the transfer fee at 5.5 million euros, saying that is just under the threshold that would trigger a 100 percent tax under rules imposed by the Chinese Football Association (CFA) on incoming foreign transfers last May. (newindianexpress.com)
Concerning the evidence of the second prosecution witness, Mr. Amazi Nwachuckwu, Head of Funds Transfer Unit of the Guaranty Trust Bank, Umar noted that the witness had testified that documents relating to alleged foreign transfers by Saraki had been consumed in a fire incident, adding that there was nothing to prove the charges that were based on the documents. (punchng.com)