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IOC asked to probe court interference in Brazil
Topics in Legal News |
2013/02/12 10:47
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The ousted presidents of two Brazilian sports federations have filed complaints with the IOC claiming they were removed from their posts after illegal interference from local courts.
The Brazilian ice sports federation and the badminton federation claim the court rulings are a clear violation of the Olympic Charter and say it could eventually lead to a suspension of the Brazilian Olympic Committee ahead of the 2016 Games in Rio de Janeiro.
The Brazilian committee denied any wrongdoing and dismissed any threat of suspension, saying the presidents were axed because of third-party lawsuits related to alleged irregularities in their administration. It vehemently said there hasn't been government interference.
The International Olympic Committee confirmed it received the complaints but said the federations first must try to address them with the Brazilian committee and their international federations.
The local federations told The Associated Press this week that they are seeking "relief" from the IOC because they are not being helped by the Brazilian Olympic Committee. They accuse the national body of not doing enough to preserve the federations' autonomy as demanded by the Olympic Charter. They allege the committee has been working against the local federations and even took part in a lawsuit against one of them |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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