EXCLUSIVE: A Daily Beast investigation finds that despite the human-rights issues, several International Olympic Committee members have deep business links to China
for its mysterious membership and ownership structures. A further A$1.5 million [U.S.$1 million ] worth of horses were sold to the club at another auction last year.
He said: “My IOC profile details my various sporting positions and does not list the numerous commercial directorships I have had over the years. The AOC Annual Report lists all current directorships. It includes being Chair of William Inglis & Son Ltd. I have no further comment.” Pound’s apparent naivety about the possibility of China’s one-party state conducting an “independent review” into the Uyghurs’ plight belies his own otherwise informed interest in the country.
“The firm had always had an interest in China, going back to the 1980s,” wrote Pound. “As China began to extend its reach and interests abroad, we engaged a former Canadian ambassador to China, Harold Balloch, for two years, 2005-6, to help us develop a more concerted approach to the Chinese market.
IOC members’ apparent business ties with China don’t stop there. Last November, British member Sebastian CoeAdvertisementmagazine responded by reporting that Coe earns more than $130,000 a year as a non-executive director of Fortescue Metals Group, an Australian mining company that received 90 percent of its multi-billion dollar turnover from China in 2020.Fortescue’s spokesman confirmed that the company was deeply entwined with the Chinese market.
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