Olympic chiefs have begun an investigation into the “governance, ethics and financial management” of the International Boxing Association (AIBA).

The International Olympic Committee (IOC) warned AIBA could lose its status as amateur boxing’s governing body.

The IOC has also “frozen the planning” for boxing at the Tokyo 2020 Olympics. But it says it will make “all efforts” to ensure boxing features at the Games “regardless of these measures”.

One of the IOC’s key concerns surrounds a Uzbek businessman, who was elected as AIBA president this month.

According to BBC Sports, he is described by the US Treasury Department as a “key member and associate of a transnational organized criminal network”.

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