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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