ZURICH, Switzerland - An independent inquiry has cleared International Ice Hockey Federation president Rene Fasel of allegations that he received kickbacks from marketing deals.
Fasel, who sits on the IOC executive board, has been exonerated by the federation's ruling council after it received a report from the audit firm Deloitte.
However, investigators said they had limited evidence to examine, and the federation will create a working group to suggest ways of improving its business practices.
The inquiry was launched after a Swiss newspaper alleged Fasel profited from deals struck by the federation's marketing partner and a company run by a longtime friend.
Fasel denied receiving any money but accepted he showed poor judgment helping his friend's business.