Cycling

Giro director suspended during fraud inquiry

Share This Story

   
 

MILAN (AP)

Giro d'Italia director Michele Acquarone has been suspended from his position during an investigation into the alleged misappropriation of at least $17.7 million at RCS Sport, which organizes the race.

Giro officials confirmed the suspension on Thursday after it was first reported by financial newspaper Milano Finanza.

Milano Finanza says Acquarone - who is also the CEO of RCS Sport - and former CEO Giacomo Catano have each been given ''precautionary rather than disciplinary'' suspensions during the inquiry.

The suspension means Acquarone likely will miss Monday's presentation of the 2014 Giro.

RCS Sport is also organizing the Tour of Lombardy single-day classic race Sunday.

Acquarone replaced Angelo Zomegnan as Giro director after the 2011 race.

Member Comments

Please note by clicking on "Post comment" you acknowledge that you have read the Terms of Use and the comment you are posting is in compliance with such terms. Be Polite. Inappropriate posts may be removed by the moderator.

powered by



FOX SPORTS Videos

Hood: Another black eye for Cycling Posted: Aug 24, 2012
Andrew Hood of Velo News discusses Lance Armstrong's decision to drop his challe...

London Beat: Cyclists take silver in team pursuit Posted: Aug 06, 2012
Cyclists Dotsie Bausch and Jennie Reed join FOXSports.com to talk about their si...

In Focus: Dotsie Bausch Posted: Jul 12, 2012
Laura Okmin tells the triumphant story of track cyclist Dotsie Bausch.

Fox Sports Store