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BFI accused by AIBA

In a classic case of the kettle calling the pot black, the BFI (Boxing Federation of India) has been accused of financial impropriety by the governing body of the sport, the AIBA (The Amateur International Boxing Associating).

Leading the offensive against the BFI is AIBA chief Mohamed Moustahsane, with the Moroccan accusing them of dishonouring contracts and non-payment of dues. 

Last week India was stripped of the right to host the 2021 World Boxing Championships, after failing to pay the hosting fee, with the games awarded to Serbia instead. 

At the heart of that dispute was a requirement by the AIBA that the BFI paid part of the money owned to a bank account in Serbia, which is on the FATF (the Financial Action Task Force) grey list, meaning that is illegal for Indian banks to make such a payment.

Now it is claimed that the AIBA is still owed US $360,000 from the 2018 women’s world championships, which were held in New Delhi, as part of the hosting fee for that event.

The AIBA has said that it is now considering legal action against the BFI. 

Relations between the two governing bodies have been fractious for some time. After the rights to stage the 2021 Championships were taken away from them, the BFI accused the AIBA of acting in undue haste, and failing to consult with them before making the decision.

There is also a supreme irony in the AIBA levelling charges against the BFI of financial mismanagement, when they themselves have been suspended by the IOC (International Olympic Committee), and stripped of the right to run the tournament at the Tokyo Olympics.

That ban came into effect almost a year ago, and came after a six month investigation into the federation which failed to answer satisfactory questions over its finances, corporate governance, and refereeing standards.

And Moustahsane’s predecessor as AIBI president, the Uzbek, Gafur Rakhimov, was included on a US sanctions list for his alleged involvement in a global crime network.

Shantanu Gupta predominantly writes for the sister sites of CricketNews.com: Inplay Cricket India, Inplay Sports India and Indian Cricket World. Having grown up around the intense rivalries of cricket Shantanu took to a journalistic career in following the sport whilst also remaining mindful of other key sports of interest to Indian sports fans. You’ll see him not only writing about cricket but also covering football, tennis and more.

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