BFI not to pay fine, keeps CAS option open
The HinduThe Boxing Federation of India has kept the option of moving the Court of Arbitration for Sport open and is in no mood to pay the penalty imposed by the International Boxing Association for termination of the host city contract of the 2021 World boxing championships. The event was awarded to New Delhi during the tenure of former AIBA president Ching-Kuo Wu in 2017 and the contract was signed with his successor Gafur Rahimov early last year for USD 4 million. READ: India loses hosting rights of 2021 men's world boxing championships The AIBA went through lots of upheavals as the International Olympic Committee suspended the apex boxing body last year for various irregularities and debarred it from the Olympics. On the other hand, “AIBA invited fresh bids on December 1, 2019 itself.” READ: AIBA keen to bring back headgear for male amateur boxers Since the AIBA bank account in Switzerland, mentioned in the host city contract, was freezed and the world body intended to have some previous payments through an account in Serbia, which is on the intergovernmental body ‘Financial Action Task Force grey list’ and to where 'Indian banks do not normally send money’, the BFI found difficulties in sending the first installment.
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AIBA disputes BFI claims over hosting 2021 World Boxing Championships
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