Falcinelli named AIBA interim president
Franco Falcinelli has, as expected, been named acting interim president of AIBA after the international boxing federation’s disciplinary commission suspended its current president, Ching-Kuo Wu, for various breaches of its statutes and disciplinary codes.
Falcinelli (pictured), AIBA’s most senior vice-president, has been leading the so-called Interim Management Committee, set up by the group of disgruntled AIBA executive committee members, who attempted to remove Wu and pursued a vote of no-confidence against him.
Wu, who has been AIBA president since 2006, was unanimously suspended earlier this week by the AIBA disciplinary commission.
Detailing its reasoning, the commission said Wu had:
According to his critics on the executive committee, Wu has racked up debts of SFr15 million ($15.4 million) on behalf of AIBA and, the disciplinary commission argued, "led AIBA to the verge of bankruptcy."
It also claimed he has been "hiding the serious financial situation of the association from the public, the EC and National Federations. He has so far refused to provide the EC with the required financial and audit reports."
The three-member disciplinary commission, chaired by USA's Tom Virgets, said its decision is final and is not subject to appeal.
Wu is also a senior official within the International Olympic Committee, where he sits on the executive board.
Just this week, Wu claimed to have the support of the IOC, whose legal department had "taken note" of the Swiss Court ruling late last month where a request from the IMC for urgent provisional measures to take over the running of AIBA was rejected.
The power struggle broke out in July following an AIBA executive committee meeting in Moscow.