World amateur boxing body's under-fire president Gafur Rakhimov Friday resigned from the top job amid a dispute with the International Olympic Committee, which had threatened to take the sport off the 2020 Olympics roster. Accused of having links to organised crime by the US Treasury department, Rahimov took over as International Boxing Association (AIBA) chief last year despite warnings from the IOC that it would jeopardise boxing's future at the Olympics.
Rahimov was elected president of the International Federation in November, although he was on the US Treasury sanctions list for "financing" a criminal organisation, which the Uzbek official strongly denies.
The International Olympic Committee (IOC) expressed concern over Rahimov's election selection due to his name on the sanctions list, exacerbating the row with the union over long-standing financial problems.
Boxing has been included in the Olympic games since 1904, with the exception of the 1912 Olympic games in Stockholm, where Swedish law forbade playing the game at the time.
However, the International Olympic Committee (IOC) executive board said in November that plans for boxing at the Tokyo Games next year were frozen and communication between the International Federation and the Organising Committee for the Tokyo Olympics was frozen.
"Although I had hoped and really believed in the possibility of separating politics and sport, political discussions put forward the progress made by the Union at all levels in question," Rahimov said in a statement on the federation's website.
"Again, as I have said on several occasions before, I confirm that the allegations against me were fabricated and based on politically motivated lies and I believe that the truth will emerge and prevail,”
"Regardless of all this, I always said that I would not be above boxing. My job is to do everything in my power to serve the sport and our athletes."
Rahimov, 67, said a temporary president would replace him.
The International Boxing Federation announced last month its debt had fallen from $18 million last year to $15.6 million this year.