The IOC said it had taken note of Sheikh Ahmad Al-Fahad Al-Sabah’s decision to “temporarily suspend himself from his role and responsibilities within ....ANOC,” a decision that will take effect from Wednesday.
The Kuwaiti last week denied wrongdoing and said the allegations against him were politically motivated. He did not give further details.
Sheikh Ahmad had previously stepped aside from his roles as an IOC member and head of Olympic Solidarity — the multi-million dollar IOC purse that funds sports projects globally.
Sheikh Ahmad, who has been an IOC member since 1992, is a close ally of IOC President Thomas Bach and was among his supporters in the run-up to his election in 2013.
Reporting by Brian Homewood, editing by Ed Osmond