As a result of the investigation, the IOC has frozen planning of the Olympic boxing tournament for Tokyo 2020 by prohibiting AIBA from contacting organisers of the Games.
An official statement from the IOC added that the procedure ‘can lead to the withdrawal of recognition for AIBA’, leaving boxing’s inclusion at the next edition of the Olympics in jeopardy.
The move comes after AIBA submitted a progress report to the IOC detailing its current situation regarding governance, financial management and sporting integrity. Despite acknowledging the progress highlighted by AIBA in the report, the IOC said several points of significant concern remain and require further investigation.
Earlier this year, IOC president Thomas Bach said he was “extremely worried” about AIBA’s governance and finance procedures, and the governing body has endured a turbulent spell since Taiwan’s CK Wu resigned as president last December following allegations of mismanagement.
Italy’s Franco Falcinelli stepped into the role on an interim basis before relinquishing the position in January, when he was replaced by Rakhimov. The Uzbek has claimed that AIBA was on the brink of bankruptcy until he took the helm.
The IOC could still host an Olympic boxing event without AIBA, although how an alternative tournament would operate is not yet clear.