Manila (Philippines) (AP): Boxing legend Manny Pacquiao is officially hanging up his gloves. The eight-division world champion and Philippines senator on Wednesday announced his retirement from the ring,
"As I hang up my boxing gloves, I would like to thank the whole world, especially the Filipino people for supporting Manny Pacquiao. Goodbye boxing," the 42-year old said in a 14-minute video posted on his Facebook page.
"It is difficult for me to accept that my time as a boxer is over. Today I am announcing my retirement."
Pacquiao finished his 26-year, 72-fight career with 62 wins, eight losses and two draws. Of those 62 wins, 39 were by knockout and 23 by decision.
He won 12 world titles.
His retirement from boxing followed a disheartening defeat to Yordenis Ugas in Paradise, Nevada on Aug. 21.
The younger Cuban boxer, who defected to the United States in 2010, beat Pacquiao by unanimous decision, retaining his WBA welterweight title. It was Pacquiao's first fight in more than two years.
"Thank you for changing my life, when my family was desperate, you gave us hope, you gave me the chance to fight my way out of poverty," Pacquiao said in the video.
"Because of you, I was able to inspire people all over the world. Because of you I have been given the courage to change more lives. I will never forget what I have done and accomplished in my life that I can't imagine. I just heard the final bell. The boxing is over."
Pacquaio had hinted at retirement recently. It also had been expected because he is setting his sights on a bigger political battlefield. Earlier this month, he accepted his political party's nomination and declared that that he will run for Philippines president in the May 2022 elections.
He has accused the administration of President Rodrigo Duterte, his formal ally, of making corruption worse in the Philippines. He promised to fight poverty and warned corrupt politicians they will soon end in jail.
Pacquiao's rags-to-riches life story and legendary career he is the only fighter in history to win titles in eight different weight classes has brought honor to his Southeast Asian nation, where he is known by his monikers Pacman, People's Champ and National Fist.
He left his impoverished home in the southern Philippines as a teenager and stowed away on a ship bound for Manila. He made his professional boxing debut as a junior flyweight in 1995, at the age of 16, fighting his way out of abject poverty to become one of the world's highest paid athletes.
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New Delhi: The Enforcement Directorate on Friday said it has attached more than 140 units of immovable assets worth about Rs 300 crore in a MUDA-linked money laundering case involving Karnataka Chief Minster Siddaramaiah and others.
The attachment is part of a money laundering probe into alleged irregularities in land allotment by Mysuru Urban Development Authority (MUDA).
The attached properties are registered in the name of various individuals who are working as real-estate businessmen and agents, the federal agency said in a statement.
"It is alleged that Siddaramaiah used his political influence to get compensation for 14 sites in the name of his wife Smt. BM Parvathi in lieu of 3 acres 16 guntas of land acquired by MUDA
"The land was originally acquired by MUDA for Rs 3,24,700. The compensation in the form of 14 sites at posh locality is worth Rs 56 crore." it alleged.
The role of ex-MUDA commissioner D B Natesh has emerged as "instrumental" in the illegal allotment of compensation sites to Parvathi, it said.