The International Boxing Association (AIBA) has recently charged at the Boxing Federation of India (BFI) of financial misconduct, mishandle of contracts and unpaid fees, and has issued a warning that the India governing body of boxing will lose its official recognition.
The AIBA’s current interim president Mohamed Moustahsane, who was elected back in march 2019, has been the cardinal regarding the accusations against BFI, and has also notified that the federation will be revoked of its international status in the near future.
Back in April, AIBA took away the hosting rights of the 2021 World Boxing Championships from BFI, which was supposed to be held in Delhi.
Speaking to The Times of India, Mohamed Moustahsane stated that BFI failed to pay 50% of the remaining hosting amount for the Men’s World Championship back in December 2019.
“The total contract amount agreed between the AIBA and BFI for the men’s Worlds was $40,00,000 (Rs30 crore) and the first instalment — or half of the bidding fee amount of $20,00,000 — was agreed to be paid by the BFI by December 1, 2019.”
The Moroccan prez also added that AIBA revoked the hosting rights after several reminders which weren’t fruitful, and also charged BFI with a monetary compensation of $500,000.
When the BFI didn’t pay $20,00,000 on the promised date despite several mails and reminders from the AIBA, we (AIBA) chose to exercise our right to impose a $500,000 penalty, which was part of the original contract, on the BFI for dishonouring the contract.”
The 2021 AIBA World Boxing Championships will now take place in Belgrade, the capital of Serbia instead of New Delhi, which was officially revealed on 28th April.
Recently, it was also alleged that BFI hasn’t paid amount of $360,000 which is estimated to be almost two-thirds of the hosting fees of the 2018 Women’s Boxing World Championships,held in the Indian capital in November 2018, to AIBA, which the international governing body has provided constant reminders of.
Losing international recognition just before the Tokyo Olympics next year can rattle the potential of Indian Boxing at the main event.