The Limited Times

Now you can see non-English news...

Financial crime judges open investigation into Paris Olympic OK boss Estanguet

2024-02-07T05:33:32.624Z

Highlights: Financial crime judges open investigation into Paris Olympic OK boss Estanguet. The background to the investigation is an investigative research from last October. The research showed that the 45-year-old used a trick to avoid the salary cap that applied to him. The upper limit results from the status as a charity, which the organizing committee (Cojop) also holds. For the Cojop, the question of any misconduct does not arise. The remuneration of the president of the Olympic organizing committee is “strictly regulated”



As of: February 6, 2024, 11:11 p.m

By: Stefan Schmid, Niklas Kirk

Comments

Press

Split

In France, the financial prosecutor's office has started an investigation against the Olympic OK boss.

It's about disregarding salary caps.

Paris - Less than six months before the opening ceremony of the Summer Games in Paris, the person in charge of the Olympic organizing committee is apparently threatened with legal trouble.

Initially, the French news agency

AFP

reported , citing a source close to the case, that an investigation was launched last week against the head of the committee, Tony Estanguet.

He has now confirmed that judges specializing in financial crime opened an investigation against him last week.

Investigations against Tony Estanguet?

The Olympic organizing committee was astonished

The background to the investigation is an investigative research from last October.

The research showed that the 45-year-old used a trick to avoid the salary cap that applied to him, which is why the investigation is now intended to provide clarity in the case.

The upper limit results from the status as a charity, which the organizing committee (Cojop) also holds.

The organizing committee itself expressed

its astonishment at the events in response to an

AFP query on Tuesday (February 6).

After the National Financial Prosecutor's Office (PNF) opened the investigation, the Paris Criminal Police Department is already in charge of the investigation.

For the Cojop, the question of any misconduct does not arise.

The remuneration of the president of the organizing committee is “strictly regulated”.

At the same time, it contradicts the view that Estanguet is even subject to a salary cap for managers of non-profit organizations.

Unclarified salary structures?

The French justice system is apparently investigating Tony Estanguet.

© picture alliance/dpa/Kyodo

Is the Olympic OK boss subject to a salary cap?

According to further information provided by the committee to the

AFP

, Estanguet received an annual salary of 270,000 euros before taxes and bonuses until 2020.

However, according to the opposite opinion, this would contradict the rules for a non-commercial organization, in which salaries are capped and can be a maximum of 10,300 euros per month.

This leads to the accusation that Estanguet may have deliberately circumvented this upper limit.

According to the newspaper

Le Canard Chainé,

he is said to have founded a company that charges the Cojop, which he manages, for “non-commercial services”.

The issue of invoicing seemed to have been known and sensitive for years.

In a report from 2021, the French anti-corruption agency AFA is said to have already taken up the case of Estanguet's company, pointing out the "atypical structure" within the framework of a charity organization.

My news

  • Tragedy in the hometown: Accident drama overshadows Sinner's first Grand Slam triumph

  • Alonso on relationship with Schumacher: “Difficult to have a conversation with him” read

  • Michael Schumacher: This is known about his state of health – read “No longer the Michael from before”.

  • Ten years after Michael Schumacher's accident: Brother Ralf honors sister-in-law Corinnalesen

  • German wants to run 120 Ironmans in 120 days - even Frodeno thinks he's crazy

  • Dominik Koepfer: girlfriend, wife, children, family?

    This is what we know about German tennis ace reading

Before the start of the Olympic Games in Paris – suspected of corruption as early as 2023

The investigation that has now been carried out is not the first headline from the Olympic organizers away from the sports venues.

The committee's premises and those of the Solideo construction company were searched as early as June 2023.

The background was allegations of corruption due to the awarding of the games, as well as the awarding of lucrative construction contracts and service contracts.

(

nki/sch/sid

)

Source: merkur

All sports articles on 2024-02-07

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.