UPDATE 3-MIDEAST STOCKS-Qatar drops on FIFA World Cup probe, arrests | Reuters:
"Qatar's stock market fell sharply on Wednesday after Swiss authorities opened criminal proceedings against individuals on suspicion of mismanagement and money laundering related to the award of rights to host the 2018 and 2022 soccer World Cups.
Switzerland's Office of the Attorney General said it suspected that irregularities occurred in the allocation of the FIFA World Cups of 2018 and 2022, which were awarded to Russia and Qatar respectively.
Separately, six high-ranking soccer officials, including two vice-presidents of world governing body FIFA, were arrested by Swiss police on Wednesday and detained pending extradition to the United States."
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