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Originally published by Capital Business
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business
October 31, 2025
11h ago

World Athletics victims of £1.3mn corporate theft

World Athletics victims of £1.3mn corporate theft

OCT 31 - World Athletics says it has sacked staff and called in law enforcement after discovering corporate theft worth more than 1.5m euros (£1.3m). The Kenya breaking news | Kenya news today |..

✨ Key Highlights

World Athletics has revealed it was the victim of a £1.3 million (1.5 million euros) corporate theft, leading to staff terminations and a referral to law enforcement. The financial fraud was discovered during an annual audit under a new leadership team.

  • The theft was carried out by two employees and a contracted consultant over several years.
  • World Athletics President Sebastian Coe stated the organization is "determined to recover whatever monies we are able using the full force of the law."
  • New "enhanced internal financial controls" will be introduced to prevent future frauds within the organization.

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