All forms of bribery present here
It is a general notion that corruption in sports governing bodies is limited to developing countries only. But not quite, though. The highest governing body in sports, International Olympic Committee had accepted bribes- in the form of cash, entertainment, business favors, travel expenses, medical expenses, and even college tuition fees for members’ children. There were seven high level inquiries held into the Olympic Games city-bidding process recently.
It includes US-based probe into Salt Lake City 2002 Winter Olympics; an Australian enquiry into Sydney Olympic Games, an investigation in Japan and 2012 Olympic Games in London. There are 30 or more than a quarter of suspected delegates in IOCs own enquiry. The US Olympic Committee Ethics panel probe into Salt Lake City bid, in which $1.2 million was paid to IOC delegates to secure their votes. David F. D’Allessandro, President of John Hancock described the Sydney Olympic Games bidding process as a “clear cut” case of bribery and denounced the IOCs response as a “classic cover up”.
It is a general notion that corruption in sports governing bodies is limited to developing countries only. But not quite, though. The highest governing body in sports, International Olympic Committee had accepted bribes- in the form of cash, entertainment, business favors, travel expenses, medical expenses, and even college tuition fees for members’ children. There were seven high level inquiries held into the Olympic Games city-bidding process recently.
It includes US-based probe into Salt Lake City 2002 Winter Olympics; an Australian enquiry into Sydney Olympic Games, an investigation in Japan and 2012 Olympic Games in London. There are 30 or more than a quarter of suspected delegates in IOCs own enquiry. The US Olympic Committee Ethics panel probe into Salt Lake City bid, in which $1.2 million was paid to IOC delegates to secure their votes. David F. D’Allessandro, President of John Hancock described the Sydney Olympic Games bidding process as a “clear cut” case of bribery and denounced the IOCs response as a “classic cover up”.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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