The annual black-tie event, which honors the world’s top athletes, had been scheduled for Nov. 28. (AP Photo/Andy Wong, File)
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The governing body of world athletics (IAAF) has canceled this month's gala in Monaco after former president Lamine Diack was placed under investigation on suspicion of corruption and money laundering, the IAAF said Friday.Diack remains listed as the foundation's president.Diack is alleged to have received over 1 million euros ($1.09 million) in bribes in 2011 to cover up positive doping tests of Russian athletes, the office of France's financial prosecutor said.The 82-year-old Senegalese was placed under formal investigation in France this week and questioned by authorities before being released on bail of 500,000 euros and banned from leaving the country.He served as president of the IAAF from 1999 until August this year when he was succeeded by Briton Sebastian Coe.
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