IOC: FRANKIE FREDERICKS HAS BEEN SUSPENDED FOR MONEY LAUNDERING AND CORRUPTION CHARGES

International Olympic Committee (IOC) has suspended 4-time Olympic silver medallist Namibian Frankie Fredericks after he was charged with corruption and money laundering...The french authorities charged him after he was accused of accepting a bribe of $299,300 from the son of ex-IAAF president Lamine Diack. 

This happened right after Rio won the right to host the 2016 Olympics. 

IOC have suspended Frederick on grounds of "the impact on IOC's reputation."

A statement from the IOC executive board said "Considering the gravity and urgency of the situation and it's impact on the reputation of the IOC, the IOC executive board decided to suspend Mr Frank Frederick from all the rights, prerogatives and functions deriving from his quality as an IOC member."

The prominent Namibian IOC figure says the payments were legitimate and it was due to consultancy services rendered and promotional work for the IOC.