Since news of the Panorama investigation broke, the International Olympic Committee has launched an investigation into the allegations made in the programme.
The official London 2012 bid has also released statements making it clear that the Panorama programme had nothing to do with their bid.
Below are the official responses to news of the Panorama investigation.
IOC STATEMENT - JULY 30, 2004
"On Wednesday 28 July, the IOC asked its Ethics Commission to launch an investigation into alleged inappropriate conduct within the Olympic Movement linked with the Games candidature process, which it had been made aware of by the media.
"Given that this investigation is currently under way and that the IOC is not aware of the content of a TV programme it understands is due to be broadcast, the IOC is not in a position to provide any further comment on this matter at this stage."
LONDON 2012 STATEMENT - JULY 30, 2004
London 2012 has today backed the decision of the International Olympic Committee to launch an investigation into media allegations of inappropriate conduct linked to the Olympic Games bidding process.
The London 2012 bid CEO, Keith Mills, has today written to the IOC Ethics Commission enclosing copies of correspondence between London 2012 and the BBC Panorama programme and re-affirmed the bid's total commitment and adherence to the ethical rules of the IOC.
Lord Coe, Chairman of the London 2012 bid, said today: "We have been made aware of allegations made by the BBC Panorama programme following a so-called undercover operation in which representatives of the programme claimed to be acting on behalf of East London business interests.
"London 2012 had no knowledge of the approaches being made apparently on behalf of London businesses.
"London 2012 has acted properly and ethically throughout the bidding process and we totally support the IOC's decision to refer these allegations to the Ethics Commission. We have today sent all relevant correspondence on this matter to the Commission and will co-operate in full with any inquiry by the Commission.