ICSD President's Message on IOC
Dear athletes and members,
I would like to share with you a short update about the ICSD situation with the IOC. On 19 July 2018, the IOC Executive Board decided to suspend their financial payments to ICSD due to concerns about the possible misappropriation of these funds following embezzlement charges raised against former ICSD President Dr Valery Rukhledev in Moscow, Russia.
Since then, ICSD has been working with the IOC Ethics and Compliance Office to provide the following information:
• ICSD financial reports
• ICSD accounts
• ICSD reform documents
Discussions with the IOC have been proceeding well and I shall be meeting with the IOC on 12 September 2018 for a progress update. I am optimistic of a positive outcome but in the meantime while the IOC funds are withheld, the ICSD CEO and Accountant are not receiving their salaries and I am paying for my travel expenses as ICSD President from my own pocket.
The IOC have also expressed a very keen interest in being involved in the ICSD Reform Program and I will be sharing further information about this soon.
Posted on 20 Aug 2018