India misplaced World Boxing Championship, AIBA fined

by Jeremy Spirogis
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Indian boxers have achieved commendably at worldwide stage lately. Due to this, now he’s being counted among the many boxers of the world. Many boxing tournaments have additionally been held in India throughout this era. The International Boxing Federation (AIBA) on Tuesday snatched the World Boxing Championship 2021 from India, giving it an enormous blow. AIBA withdrew the internet hosting from India as a result of the Indian Boxing Federation couldn’t pay the internet hosting charges. AIBA has additionally fined BFI. This event was to be held for the primary time in India.

Serbia hosted After the defeat within the World Women's Boxing Championship, Mary Kom tweeted and questioned the result.

The International Boxing Federation (AIBA) has now handed over the internet hosting to Serbia by breaking the settlement made in 2017. <! –

                 The Indian Boxing Federation admitted that there was a delay however stated that attributable to AIBA's failure to resolve the difficulty of which account to ship the cash to, the procedural problems arose. This fee of practically $ four million was to be made on December 2 final 12 months.

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Fined to pay $ 500

AIBA stated in an announcement, "India couldn’t pay internet hosting charges beneath the phrases of the host metropolis contract, which triggered AIBA to interrupt the settlement. India will now must pay a wonderful of $ 500 as a result of cancellation of the settlement. Now it will likely be in Belgrade, Serbia.

The president of the Indian Boxing Federation is Ajay Singh, the proprietor of SpiceJet Airline. AIBA has been suspended by the International Olympic Committee attributable to monetary mismanagement.

BFI defends itself

The BFI stated in an announcement, 'AIBA's accounts have been closed in Lausanne. He needed to make some earlier funds by way of an account in Serbia. Since Serbia comes on the blacklist of the Financial Action Task Force (FATF international locations), Indian banks typically don’t ship cash there. AIBA couldn’t resolve this challenge.

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It stated, 'This resolution has been taken in haste with out consulting us. We are shocked on the penalty imposed. Together we are going to discover a answer. Hope to host it sooner or later.

AIBA Interim President Mohammad Mustahasen stated, 'Serbia is able to organizing one of the best for the gamers, coaches, officers and followers in each method.

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