Paris 2024 Olympics Chief Under Investigation Over Salary

Paris 2024 Olympics chief Tony Estanguet confirmed an investigation into his salary as president of the organising committee. The financial prosecutor's office has been conducting the probe for a few months. Estanguet's annual remuneration of 270,000 euros has drawn scrutiny, despite assurances of strict regulatory compliance.

Paris 2024 Olympics chief Tony Estanguet on Saturday confirmed an investigation was under way into his salary as president of the organising committee. 'I confirm there has been an ongoing investigation by the financial prosecutor's office since a few months,' Estanguet said.

'I don't have any other comment other than saying my pay was decided in 2018 and I was not in the room when the decision was made.' French media had widely reported the investigation last February but Paris 2024 organisers had declined to confirm the information, only expressing their 'surprise'.

In 2018, Paris 2024 said Estanguet was awarded 270,000 euros ($290,000) annual remuneration and Paris 2024 deputy CEO Michael Aloisio said that contrary to media reports no cap was imposed by law. 'We wish to remind people that the Organising Committee President's remuneration is subject to a strict framework,' a statement released in February by Paris 2024 said.

'The remuneration of the President of the Organising Committee is very strictly regulated.'

(With inputs from agencies.)