Focus Taiwan
Date: 2017/11/20
By: Kuan-lin Liu and Lee Chin-wei
Taipei, Nov. 20 (CNA) Wu Ching-kuo (吳經國), the longtime president of the International
Wu Ching-kuo (吳經國)
Boxing Association (AIBA), officially stepped down from his post on Monday, following allegations of financial mismanagement and a vote of no-confidence which led to his suspension in October.
The Taiwanese official, who has served as AIBA president since 2006, released a joint statement with AIBA saying that he has decided to step down “for the sport I love and have dedicated my life to.”
During an interview with CNA, Wu clarified what he meant by stepping down for the sake of boxing, saying that “it was time to stop (with the trials) for the sake of boxing’s future.”
Wu was at the center of one of the biggest scandals in AIBA’s history, in which he was accused of abuse of power and financial mismanagement, which allegedly landed the organization with US$10 million worth of debt. [FULL STORY]
