French investigators have opened a authorized investigation into the pay of Tony Estanguet, the top of the Paris Olympics organizing committee, a supply near the case informed AFP on Tuesday.
The investigation by magistrates specializing in monetary crimes started “final week” and can analyze the best way wherein Estanguet receives his wage as govt head of the organizing committee, the supply mentioned on the situation of nameless.
The organizing committee of the Paris Olympics has expressed shock that the wage of its president has been investigated by the French Nationwide Monetary Prosecutor. The monetary prosecutor's workplace declined to remark.
Olympic Video games-2024: the president of the organizing committee of the Paris Olympic Video games, Tony Estanguet, is the goal of an investigation not too long ago opened by the nationwide monetary prosecutor and relating to the circumstances of his remuneration. #AFP 1/2 pic.twitter.com/IWqw0CDaOK
— Agence France-Presse (@afpfr) February 6, 2024
Estanguet is paid €270,000-euro per yr earlier than tax, with attainable bonuses amounting to a different 20 %, in accordance with the newest publicly out there figures for his wage.
Based on a report in October of final yr by the investigative newspaper Le Canard Enchaîné, Estanguet makes use of his personal firm to invoice the organizing committee month-to-month, as a substitute of taking a wage.
The settlement is to keep away from a wage restrict imposed on charities with the identical standing because the organizing committee.
The information of the probe by the magistrates is an embarrassing improvement as Estanguet tries to focus consideration on the preparations for the Video games from July 26 to August 11.
The 45-year-old triple Olympic gold-medal rower has thus far been spared the authorized issues which have dogged different members of the Paris organizing committee.
Prior to now, the Olympics have been repeatedly tormented by corruption, each in the best way wherein the Video games had been awarded, and thru the profitable development contracts and companies which might be a part of the occasion.
In October, organizers mentioned French monetary prosecutors had returned to their headquarters to research suspicions of favoritism, conflicts of curiosity and misuse of funds within the awarding of contracts.
The headquarters was first searched in June.
Monetary investigators have unearthed 20 or extra of the various lots of of economic contracts that Olympic organizers have signed as they race to arrange the French capital for 10,500 athletes and thousands and thousands of spectators.
(FRANCE 24 with AFP, AP)