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Bubka claims payments made to disgraced former IAAF treasurer were to develop pole vault series but investigation launched

Ukraine’s International Olympic Committee (IOC) Executive Board member Sergey Bubka has “completely denied any wrongdoing” after reports of links of a financial relationship with officials at the centre of doping and corruption scandals.

According to French newspaper Le Monde, Bubka made a payment of $45,000 (£33,200/€37,800) on June 18 in 2009 to New Mills Investments Ltd, a Nevis-based company linked to former International Association of Athletics Federations (IAAF) treasurer and Russian Athletics Federation (RusAF) President Valentin Balakhnichev.

The payment was reportedly made a day after a virtually identical amount was transferred from New Mills Investments to Pamodzi Sports, a firm owned by Papa Massata Diack, the son of former IAAF President Lamine Diack.

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