The IOC is proceeding with an investigation that could result in Lance Armstrong losing his Olympic bronze medal for doping.
The IOC says it will "immediately" look into the Olympic involvement of Armstrong, other riders and officials implicated in the U.S. Anti-Doping Agency (USADA) report describing systematic doping in cycling. Cycling's governing body last week formally stripped Armstrong of his seven Tour de France titles.
The IOC says it "will now immediately start the process concerning the involvement of Lance Armstrong, other riders and particularly their entourages with respect to the Olympic Games and their future involvement with the games."
Armstrong won bronze in the time trial at the 2000 Sydney Olympics. Also under scrutiny is Levi Leipheimer, who won the time-trial bronze at the 2008 Beijing Games and has admitted to doping.
Insurers ask lance to repay bonus
Washington: Dallas insurance company SCA Promotions confirmed on Wednesday that it has sent Lance Armstrong a letter demanding the return of $12 million in bonuses and warned that it might take legal action.
SCA attorney Jeff Dorough said the letter not only seeks back the bonus money but states that it might go to court for legal sanctions and penalties against the disgraced cyclist, who was stripped of seven Tour de France titles for doping.
The potential legal action could come in connection with false testimony given by Armstrong during an arbitration hearing in 2005-2006. Dorough confirmed that SCA was seeking $7.5 million paid out to Armstrong after a 2006 arbitration proceeding, which included a $5 million bonus as well as legal fees and interest.
Reputation going up in smoke
london: Stripped of his cycling medals over a doping scandal, disgraced US icon Lance Armstrong will suffer a fresh humiliation this weekend at the hands of an English town which will burn him in effigy. The 30-foot (nine-metre) steel-framed figure, dressed in a Tour de France leader's yellow jersey, will be torched during the annual Guy Fawkes or Bonfire Night celebrations in Edenbridge in Kent, southeast England.
The effigy has been stuffed with oil-soaked newspapers and fireworks and holds a sign reading: "For Sale - Racing Bike. No longer required."
UCI urged to pay for investigation
Lausanne: Cycling leaders should pay for the independent investigation into allegations the sport's governing body covered up doping by Lance Armstrong, according to a former board member. Sylvia Schenk, the sports adviser for anti-corruption body Transparency International, said the investigating panel will need funds to carry out the probe and help the International Cycling Union regain credibility. “The commission will not be able to do everything itself,” Schenk said. ‘It must outsource some of the things that need to be done.”