The president of Olympic boxing assosiation (AIBA ) Ching -Kuo Wu resigned from his position. He reached a deal with the current management of the organization after long and nasty war of words, threats and lawsuits between him and the Executive committee.

Both parties reached an agreement and signed it on paper. Wu’s governance was challenged after he made several bad deals that harmed the financial stability of AIBA . It’s expected that his resignation to be announced later today!

Check out our articles about the dramatic events that leaded to Wu’s resignation:
THE DIRTY SOCKS OF OLYMPIC BOXING, PART 1: Kazakhstan government invested $10 mil. into AIBA

THE DIRTY SOCKS OF OLYMPIC BOXING, PART II: $20 000 FOR A RIO QUOTA

Wu quit his position as a member of IOC Executive board. He will keep his regular membership at International Olympic committee.

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