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Boxing prexy steps down

Ching-Kuo Wu (AP Photo/Frank Franklin II)

Ching-Kuo Wu (AP Photo/Frank Franklin II)

LAUSANNE, Switzerland (AP) – Under investigation for unethical conduct by Olympic boxing’s governing body AIBA, C. K. Wu resigned as its president on Monday and also gave up his seat on the IOC’s executive board.

The International Boxing Association said that Wu “decided to step down” and with the move they agreed to end all legal disputes and disciplinary cases between them.

“Both parties agreed that at this stage there is no indication of any unethical behavior by either party,” AIBA said in a statement.

The International Olympic Committee confirmed Wu also resigned from its 15-member board after five years on the strategy-setting panel.

Wu, who represented Summer Games sports federations on the board, retains the IOC membership he has held for 29 years.

The AIBA president for 11 years, Wu was suspended from duty last month while a complaint lodged by most members of his executive committee was investigated.