IOC staff sacked over fraud
Source: Agencies |
December 3, 2011, Saturday
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Print Edition
Print Edition
THREE employees of the International Olympic Committee's finance department have been sacked following an embezzlement investigation into the Olympic Museum in Lausanne, the IOC said.
The three IOC employees were dismissed after a probe into the finances of the museum shop revealed a shortfall of about US$1.6 million.
"Three employees have been let go over this," an IOC official said, adding that the issue had been raised internally two weeks ago.
The three employees were not charged with any wrongdoing.
The former manager of the museum shop, which sells Olympic souvenirs, has been charged with embezzling the funds over a decade.
The Olympic Museum, overlooking Lake Geneva, is located in Lausanne where the IOC is based and is a popular tourist destination. Since opening in 1993 it has welcomed some 3.3 million visitors. It will close in January for 20 months of renovations and expansion.
But IOC finance director Thierry Sprunger said he had decided to resign from his post, citing health issues, "burnout" and a desire to change direction after 17 years at the IOC.
Sprunger, whose department was responsible for oversight of the museum's finances, said he will announce his departure next week at a meeting of the IOC executive board in Lausanne. He has not been accused of any wrongdoing.
The three IOC employees were dismissed after a probe into the finances of the museum shop revealed a shortfall of about US$1.6 million.
"Three employees have been let go over this," an IOC official said, adding that the issue had been raised internally two weeks ago.
The three employees were not charged with any wrongdoing.
The former manager of the museum shop, which sells Olympic souvenirs, has been charged with embezzling the funds over a decade.
The Olympic Museum, overlooking Lake Geneva, is located in Lausanne where the IOC is based and is a popular tourist destination. Since opening in 1993 it has welcomed some 3.3 million visitors. It will close in January for 20 months of renovations and expansion.
But IOC finance director Thierry Sprunger said he had decided to resign from his post, citing health issues, "burnout" and a desire to change direction after 17 years at the IOC.
Sprunger, whose department was responsible for oversight of the museum's finances, said he will announce his departure next week at a meeting of the IOC executive board in Lausanne. He has not been accused of any wrongdoing.
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