Pound said Knight, president of organising committee SOCOG and New South Wales Olympics minister, had repeatedly portrayed Sydney's marketing programme as a failure - even though it had broken every Olympic record going.
"Michael Knight has done a great job, but not in everything," Pound, the IOC's marketing chief, told a media briefing on Olympic finances.
"He is out there saying that the marketing programme is a failure and that is a reason why they had to cut back and that the IOC is taking all this money away from SOCOG.
"It is just not right."
Pound was speaking as the SOCOG board met to finalise A$25 million (US$15.75 million) worth of budget cuts because of a shortfall of almost A$200 million in marketing and ticketing revenues.
The IOC and Australian Olympic Committees were this month forced to contribute A$11 million each towards a SOCOG budget rescue plan. SOCOG also took A$90 million from a contingency fund to maintain its A$2.55 billion budget.
Because of the budget problem, Knight has also stripped SOCOG of much of its responsibilities, which were handed instead to the state government agency he controls more closely.
But Pound insisted there had been no real shortfalls with Sydney's local marketing programme, which raised more than US$300 million or 50 percent above its original target. Sydney will also receive some US$1.8 billion from IOC sponsorship programmes and the sale of global broadcasting rights.
Reuters
