IIHF president Fasel cleared of wrongdoing 21/09/2009 |
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An independent inquiry has cleared the International Ice Hockey Federation president René Fasel, of allegations that he received kickbacks from marketing deals.
The federation's ruling council has exonerated Fasel, who sits on the International Olympic Committee executive board, after it received a report from the audit firm Deloitte.
Investigators in Zurich said they had limited evidence to examine, and the federation will create a working group to suggest ways of improving its business practices.
In May, Zurich newspaper SonntagsZeitung reported that Fasel benefited financially from marketing contracts awarded to Infront, which handles the television and marketing rights to the world hockey championship until 2017.
The newspaper alleged that Infront paid 400,000 Swiss francs ($412,000 Cdn) in fees to the company run by a childhood friend of Fasel identified as "Y.S."
The newspaper quoted "Y.S." as saying the only reason his company was successful was because of his relationship with Fasel.
Fasel denied receiving any money but accepted he showed poor judgment helping his friend's business.
Fasel has been a member of the IOC since 1995 and last year was elected to its executive board to represent winter sports federations. He is also chairman of the co-ordination commission for the 2010 Vancouver Winter Olympics.
(Source: cbc.ca)
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