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TWO Athletics South Africa cars have been sold for R1 each, Sowetan has been reliably informed.
The startling information was presented to the ASA interim board, which is led by veteran administrator Ray Mali, in Port Elizabeth on Saturday.
The vehicles, one of them a luxury executive model with a book value of R40000, were bought by people outside the ASA but were later traced to "officials" of the federation.
The matter is part of the ongoing forensic audit that covers financial and administrative matters by the South African Sports Confederation and Olympic Committee.
Sascoc has commissioned Deloitte and Touche auditors to undertake the forensic audit, which has potentially far-reaching implications.
Sowetan has been informed by a senior athletics administrator, who spoke on condition of anonymity. He said the sale of the two cars was approved by the previous ASA board.
"The decision to get rid of the two old cars was taken at a properly constituted board meeting in 2004. It has nothing to do with the current board," the administrator said.
"The new administration, which has since been suspended by Sascoc on its handling of the Caster Semenya gender tests, was elected in 2007. There was proper consultation in the whole process. It was done within the context of the law. Auditors and lawyers were also involved.
"It is a normal practice in companies to get rid of assets. Sascoc must deal with the previous board on this matter as it was not minuted."
The auditors are also digging deep into the disappearance of funds at ASA, which are reported to owe service providers just more than R21million. Some runners are also still waiting for money owed them, said another source.
Mali could not be reached for comment at the time of going to press.