Opponents to embattled amateur boxing chief Wu Ching-Kuo have begun legal proceedings in an attempt to seize control of ruling body the AIBA, executive committee member Pat Fiacco told AFP yesterday.
“We’ve contacted a court in Lausanne so that the running of the AIBA be handed over to the interim executive committee,” the Canadian explained.
He added that Swiss justice could alternatively choose to hand power of the International Boxing Association to “a temporary administrator”.
The court has another option open to it — confirming Wu in a position he has held since 2006.
The legal move comes in the wake of last week’s no confidence motion against Taiwan’s Wu taken at a board meeting in Moscow.
Wu has attacked what he described in an interview with AFP from Taiwan on Saturday “a military coup” against him.
Wu’s rivals have claimed that the AIBA is on the brink of bankruptcy and last week set up an interim management committee to take charge of the association pending the selection of a new president.
Fiacco said they wanted Swiss justice to take “provisional measures” until October or November when an AIBA board meeting will vote on the no-confidence motion.
According to Fiacco 16 of the 20 AIBA executive members support the bid to oust Wu who is accused by his detractors of leaving the AIBA on the brink of bankruptcy.
“The AIBA’s debt this year is 5mn Swiss francs (4.4mn euros, $5.2mn) and a cumulated debt of 15mn Swiss francs,” Fiacco said, citing figures from audit firm KPMG.
“We have been concerned about the mismanagement of the finance which could result in bankruptcy. We feel that the AIBA president needs to be impeached.”
Wu in his defence said on Saturday the organisation was in a sound financial state, with “over 10mn dollars” in the bank and no debt.
Fiacco in reply suggested Wu was taking into account future revenue from the International Olympic Committee and from host cities of upcoming world championships.
Wu, an influential member of the IOC’s executive commission, claims the challenge to his authority is politically-based.
He believes he is being targeted because of his reform push and singled out former AIBA executive director Ho Kim of South Korea for seeking “revenge” after his sacking over allegations of financial wrongdoing.
Wu Ching-Kuo
