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The International Olympic Committee (IOC) has an investigation into allegations that in more than 50 countries have been selling London Olympics tickets on the black for . The IOC met at an emergency on Saturday to look into a of evidence uncovered by Britain’s ‘Sunday Times’ newspaper. The paper claims that high-ranking Olympic officials have been selling tickets for the games at inflated prices. The highest tickets on the black market were for the men’s 100-meter final. The IOC has a statement saying it “takes these allegations very seriously and has immediately taken the first to investigate.”

IOC forbid national Olympics committees from selling tickets , increasing ticket prices or selling tickets to unauthorized, third- resellers. Despite this, Sunday Times undercover reporters posing as ticket sellers say they have recorded evidence of 27 officials selling tickets to 54 countries. One of the most serious allegations was the Greek Olympic Committee president Spyros Capralos. He saying he had “pulled strings” with the of the London Olympics Sebastian Coe even though the paper videos of its reporters' negotiations with Capralos on its website. Mr Capralos has so far refused to .