Aiba’s Wu Ching-kuo suspended after financial mismanagement claims
• Return of Wu Ching-kuo considered highly unlikely
The controversial leader of amateur boxing’s governing body, Aiba, has been suspended from his role after allegations of “financial mismanagement” and corruption with a return to post highly unlikely.
Wu Ching-kuo’s turbulent 11-year reign is set to end after the Aiba disciplinary commission voted unanimously to suspend him. The 70-year-old is alleged to have accumulated debt of 15m Swiss francs for the organisation through poor financial management and auditing. He is also accused of trying to depose the members of Aiba’s executive committee who challenged his leadership. This year an executive committee member was removed by Wu after raising questions about possible “deficiencies and irregularities” in Aiba’s finance and governance – before being dramatically reinstated by Swiss courts.
Continue reading...from The Guardian http://ift.tt/2yeBrYG
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