The revelation comes amid an increasingly bitter civil war inside Aiba, which has led to the resignations of its treasurer and finance director following claims they were sidelined by the president, Wu Ching-kuo. One concern is a letter from the Azerbaijani company Benkons, demanding Aiba immediately repay a $10m (£8m) loan from 2011. We hereby demand full repayment of the $10m loan to Aiba, which president Wu personally guaranteed on behalf of Aiba, and which was due in 2013. In a letter to executive committee members seen by the Guardian, Garea also raised concerns about the spending of the organisation. Shortly afterwards Smith was removed from Aiba’s executive committee – with Wu claiming it was because he was no longer an honorary member of Welsh Boxing.

Source: The Guardian July 21, 2017 16:41 UTC