Bob Arum has claimed that Daniel Kinahan told him he'd 'done some bad things in my life' as the legendary promoter continues to distance himself from the mob boss.
The Kinahan cartel have been hit with a number of sanctions as the net closes on the €1bn mob and Arum also revealed that he paid Daniel at least $4m in consulting fees in the build up to four Tyson Fury fights.
Speaking to Yahoo Sports, Arum revealed that he paid the money to Kinahan ahead of his two of Fury's fights against Deontay Wilder and bouts against Tom Schwarz and Otto Wallin.
Arum said how Kinahan opened up to him about doing 'bad things' and said that Kinahan was hoping to get out of 'that other stuff'.
Speaking to Yahoo Sport, he said: "Kinahan called me and we had a long conversation. He has kids and he said he wanted to get out of that other stuff. He said to me, ‘Bob, I’ve done some bad things in my life. I admit that.
“But I’m not involved with that any more. I’m just trying to clean up my life and be a legitimate business man.’ I wasn’t involved in any of the things he might have done before and he was telling me he wasn’t doing anything.”
But Arum says that his company, Top Rank, began to distance themselves with Kinahan when they heard Kinahan may still be involved in 'nefarious activities'.
He added: “There came a time that we discovered that he might still have been involved in some nefarious activities. That was enough for us."
Much of the boxing world has distanced themselves from Kinahan after the announcement of sanctions, with MTK releasing a statement on Thursday.
The promoter said: "MTK Global will comply fully with the sanctions made by the US government against Daniel Kinahan.
"MTK parted ways with Mr Kinahan in February 2017. He has had no interest in the business since then, and will have no future involvement with us.
"MTK operates ethically, transparently and lawfully. We will cooperate fully with all authorities and assist with any ongoing investigations."
The US government department imposed sanctions against seven senior members of the Kinahan crime gang as part of a bid to target their financial operations.
US ambassador to Ireland Claire Cronin told an event at Dublin City Hall that the US department of the treasury is offering a reward of $5 million/€4.6 million for information that will lead to the "financial destruction" of the Kinahan crime gang or the arrest and conviction of its leaders.
While Garda Commissioner Drew Harris warned senior gang members that they can run but "can't hide from justice forever", adding that they will eventually run out of money."
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