Former Olympic Council of Ireland president Pat Hickey has been absolved of having to repay a €410,000 loan that he used to receive bail following his arrest at the 2016 Rio Olympics.
A spokeswoman for the Olympic Federation of Ireland confirmed that the Association of National Olympic Committees (ANOC) agreed to write off the loan during its AGM in November.
But she could not say why the umbrella body representing 206 National Olympic Committees chose to do so after Mr Hickey previously said he was prepared to repay the debt.
However its understood that ANOC president Sheikh Ahmad Al-Fahad Al-Sabah and all ANOC vice-presidents agreed to forgive the loan on medical and humanitarian grounds via a postal vote in November 2016.
“It came up at the AGM, or rather the annual get together of the ANOC. That question was asked from the floor and they are writing off those monies,” Olympic Federation of Ireland President, Sarah Keane told the Irish Times.
“They are writing off those monies, they are writing them off and that is all they are saying. So they certainly haven’t been repaid.”
The OFI spokeswoman stressed that no money for the bail-out will come from OFI coffers or other Irish channels.
Mr Hickey, (74), a former ANOC president, made headlines around the world when he was arrested by Rio police at the start of the 2016 Olympic Games in Rio de Janeiro on suspicion of ticket touting. He was allowed to return to Ireland after posting bail pending the hearing of his case, which has yet to be heard in Brazil.
He is currently self-suspended from the OFI and has given up his position on its executive board.
An inquiry in Ireland into the ticket touting scandal by Judge Carroll Moran concluded in August, 2017 that there was no evidence of criminal activity or financial impropriety by Mr Hickey.
However, his report was very critical of Mr Hickey’s governance of the IOC and how the judge’s investigation was severely hampered by a lack of co-operation from key players, including Mr Hickey and the IOC.
Mr Justice Moran's terms of reference asked him to establish the "policies, procedures, processes and practices" of ticket distribution by the OCI in Rio de Janeiro, as well as at the London Games in 2012 and the Sochi Winter Games in 2014.
This followed the confiscation of hundreds of Irish tickets for the 2016 Olympics, which Brazilian police believe were destined for sale on the black market.
Their probe led to the dramatic arrest of Mr Hickey, who was charged with ticket-touting offences that could result in a jail term of up to seven years.