Bayern Munich President Uli Hoeness (pictured) can continue in his post despite being under investigation for suspected tax evasion, the German Bundesliga champion said after a board meeting on Monday.

Hoeness shocked Germany last month when he said he had voluntarily alerted tax authorities in January to a Swiss bank account he held, throwing the former West Germany international's future into doubt.

He is now under investigation for suspected tax evasion and, if convicted, he could be sentenced to jail. The admission, which also has political ramifications, came just as Bayern regained the Bundesliga crown from Dortmund.