Any suggestion that the loan to the International Boxing Association was made in return for promises of gold medals of Azerbaijani national team at the 2012 Olympics is preposterous and utterly untrue, AIBA said in an official statement on Saturday.
The President of AIBA, Dr Ching-Kuo Wu has announced the establishment of the AIBA Special Investigation Committee to investigate allegations made on BBC Newsnight.
At this stage, AIBA is not aware of any credible evidence to suggest that the allegation that WSB's Chief Operating Officer, Mr Ivan Khodabakhsh, promised the award of two gold medals in return for payment is true, the statement says.
Ivan Khodabakhsh is a man of integrity and AIBA trusts him and respects his work. Mr. Khodabakhsh has confirmed to AIBA that he will cooperate fully and freely with the AIBA Special Investigation Committee.
"The allegations that have been made against WSB and me are all completely groundless and false. I have never been asked to nor have I ever undertaken anything illegal or unethical in the course of my duties working for WSB. I am proud to work for an organisation which has brought such a high level of transparency and honesty to the sport of boxing and has shown zero tolerance of corruption. I adhere to these values," Khodabakhsh stated.
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