AIBA Investigation Ends, Dismisses Bribery Allegations
Dec 12, 2011 • 1:08 AM ET
Amateur boxing's governing body has determined that allegations of attempted bribery by Azerbaijan to fix results at the London Olympics were "groundless and unsupported by any credible evidence."
A BBC television program reported in September that $9 million had been paid by Azerbaijan in return for a guarantee of two boxing gold medals at next year's Olympics.
Governing body AIBA appointed a five-man committee to investigate the claims.
The panel issued its findings Monday, saying the accusations were "completely without merit."
The committee says a single private investor, Hamid Hamidov, made a "purely commercial investment" to support the creation of US boxing franchises.
