7:30 PM
Jalal HB
As a consequence of the murder accusation on the 'hero' blade runner Oscar Pistorius, one of the major investment and industrial giant Nike Inc. has suspended its contract with Oscar Pistorius.
"We believe Oscar Pistorius should be afforded due process and we will continue to monitor the situation closely," Nike said in a brief statement posted on its website Wednesday.
It may be recalled that Nike also cancelled its contract with disgraced syclist Lance Armstrong in October 2012 for his involvement in doping and misleading the company about those activities for more than a decade.
Following Nike suit, eye-wear maker Oakley Inc. has also suspended its contract with Pistorius.
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