World Athletics says it will do all their possible to recover the monies awarded, and return to the organisation all monies awarded against Lamine Diack.
Diack who was the former head of athletics governing body was found guilty of corruption and sentenced to four years in prison by the Paris Criminal Court.
Diack was convicted of accepting bribes from athletes suspected of doping to cover up test results and letting them continue competing, including in the 2012 London Olympics.
He was was then sentenced to four years imprisonment with two suspended after he was linked to the Russia doping scandal.
World Athletics formally known as IAAF in a statement released after the ruling expressed disappointment it happened in their sport.
The statement read as follows;
“This has been a long five years and we would like to thank the French Prosecutors and the Paris Criminal Court for their time, detailed work and deliberations in to this case.
“Whilst we are disappointed this happened in our sport.
“We are grateful for the strong and clear decisions that have been taken against the individuals involved and charged with these crimes,
and we would like to reassure everyone that the reforms our Congress approved in 2016 will ensure that similar actions by individuals can never happen again in our sport.
“We are grateful for the damages awarded by the Paris Criminal Court totalling €16 million for embezzled funds and for reputational damage suffered as a direct consequence of these crimes and the resulting media coverage.
“As the Court acknowledged.
” This damage has impacted World Athletics’ finances and had a negative impact on World Athletics’ image and reputation in a deep and lasting way.
“We will do everything we can to recover the monies awarded, and return them to the organisation for the development of athletics globallyⁿ
Diack, who was also given a maximum fine of 500,000 euros (£456,928), was investigated by French authorities for four years over claims he took payments of more than 3m euros to cover up cheating.
The Senegalese has been under house arrest in Paris since 2015.