A vote saw a unanimous decision to reject naming CK Wu as AIBA Honorary President ©ITG

Former International Boxing Association (AIBA) President C K Wu suffered a humiliating defeat in his bid to become the governing body's Honorary President after receiving no votes at the Extraordinary Congress here today. 

The vote was initially due to be held as the seventh item on the agenda of the Congress, but a motion was made to give the AIBE Executive Committee's report, the eighth item, beforehand.

The report, delivered by Canada's Pat Fiacco, produced a scathing analysis of Wu's leadership of the organisation.

It highlighted financial mismanagement, violations of legal ethics and an attempt to eventually make former Ukrainian boxer Wladimir Klitschko the governing body's President as key alleged breaches.

Prior to the vote, delegates debated whether the nomination should even go ahead.

One delegate labelled the vote "absurd", with another claiming it would be an "abomination" if it went ahead.

It was explained that the nomination was part of the agreement reached by the AIBA Executive Committee with Wu for the Taiwanese official and International Olympic Committee (IOC) member to step down from his position as President in November.

When the vote went ahead, delegates unanimously voted down the proposal, with not a single vote cast in Wu's favour.

"We had no choice to nominate him for the Honorary Presidency, we know we have a governance problem," Fiacco told delegates. 

"One we are committed to fixing for you and the IOC.

"Alisports, Taishan and other contracts were conducted without involvement or approval, some without the awareness of AIBA lawyers."

A series of claims were made against former AIBA President CK Wu in their Executive Committee report ©ITG
A series of claims were made against former AIBA President CK Wu in their Executive Committee report ©ITG

Fiacco claimed that Wu had been warned by auditors KMPG that the organisation faced "imminent threat" of bankruptcy, as well as "misleading" the media about the financial situation. 

He claimed that the "former President was fully aware of the risk of bankruptcy and told the executive director and finance officer to present adjusted and misleading financial information" at the AIBA Executive Congress in Montreux in Switzerland in December 2016. 

Fiacco claimed that Wu is currently under review by the IOC chief ethics and compliance officer.

It was further alleged that Wu had built up a legal bill of $1.2 million before being removed as President.

He was also accused of appointingnunqualified officials to a variety of positions in the organisation.

The report from Fiacco also claimed that a plan for Klitschko to succeed Wu was apparently developed, with the boxer lined up for the post of Ukrainian Boxing Federation President, before assuming a role as AIBA vice-president, then President.

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