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IWF to ask for IOA help to pay USD 1 lakh third instalment

New Delhi: Faced with difficulty in paying a hefty USD 1 lakh as the third instalment of fine to its international body, Indian Weightlifting Federation has asked the Indian Olympic Association to bail it out so that the country`s lifters can take part in the Commonwealth Games.

IWF Secretary Sahdev Yadav told PTI that the national
body would ask the IOA for an interest free loan so that it
can pay the third instalment of USD 5 lakh total fine to the
International Weightlifting Federation by the deadline of July
15.

"We are going to ask the IOA to give us an interest free
loan to pay the USD 1 lakh by July 15," Yadav said.

Yadav said IWF President Birendra Prasad Yadav, who is
also IOA vice-President, will meet the officials of the
national Olympic body for the loan in a day or two.

"The president will be in Delhi on Saturday and he will meet
the IOA officials in a day or two. We are hoping that the IOA
will grant us the loan," he said.

Indian Weightlifting Federation was slapped a USD 5 lakh
fine by the international body after six lifters flunked WADA
tests in September last year with the threat that the country
would not be allowed to field its lifters in the October 3-14
Commonwealth Games if the fine is not paid.

IWF paid the first instalment of USD 50,000 in January
before the South Asian Games in Bangladesh and the second
instalment of 75,000 before April 4 deadline which allowed the
lifters to take part in the Asian Youth and Junior
Championships at Tashkent from April 7-16.

The third instalment of USD 1 lakh will have to be paid
by July 15, while August 15 is the deadline for the fourth and
final instalment of USD 2,75,000.

PTI

From Zee News

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