Boxing company ceasing operations after co-founder and alleged crime boss Daniel Kinahan sanctioned

Boxing management company MTK Global has said it is ceasing its operations following the US sanctions against co-founder Daniel Kinahan.

Last week, the American government said it was targeting the Irishman for alleged illegal activity and offered a $5m (£3.84m) reward for information that leads to the arrest or conviction of Mr Kinahan and the other alleged leaders of the Kinahan gang.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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