Portsmouth have confirmed that manager Harry Redknapp and chief executive Peter Storrie are among five men arrested today by anti-corruption police.
The men, aged 69, 60, 55, 48 and 30, were taken into custody as officers swooped on eight addresses across the UK.
The raids were part of the force's economic crime unit's investigation into alleged bungs in the game.
Last year the FA brought in former Metropolitan Police commissioner Lord Stevens and his company, Quest, to carry out a separate inquiry into suspect transfers.
A City of London Police spokeswoman said: 'Five men have been arrested on suspicion of conspiracy to defraud and false accounting as part of an ongoing investigation into football corruption.'
A 61-year-old man was held in May on suspicion of money laundering and a 28-year-old - widely rumoured to be Tottenham defender Pascal Chimbonda - was questioned in September.
Police also searched Newcastle, Portsmouth and Rangers as well as two homes during a series of raids in July.
The men, aged 69, 60, 55, 48 and 30, were taken into custody as officers swooped on eight addresses across the UK.
The raids were part of the force's economic crime unit's investigation into alleged bungs in the game.
Last year the FA brought in former Metropolitan Police commissioner Lord Stevens and his company, Quest, to carry out a separate inquiry into suspect transfers.
A City of London Police spokeswoman said: 'Five men have been arrested on suspicion of conspiracy to defraud and false accounting as part of an ongoing investigation into football corruption.'
A 61-year-old man was held in May on suspicion of money laundering and a 28-year-old - widely rumoured to be Tottenham defender Pascal Chimbonda - was questioned in September.
Police also searched Newcastle, Portsmouth and Rangers as well as two homes during a series of raids in July.
