Feb. 21, 2013 at 9:28 AM ET
Sportswear company Nike has suspended its contract with double-amputee Olympic runner Oscar Pistorius, who is accused of the premeditated murder of model Reeva Steenkamp.
"Nike 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," the company said in a brief statement posted on its website Wednesday.
Another of the runner's major sponsorships, eyewear maker Oakley, suspended its contract with Pistorius on Monday. Nike has sponsored Pistorius since 2007.
Pistorius, dubbed "Blade Runner" because he competes while wearing carbon fiber racing blades, is in the midst of a bail hearing in the murder case.
Pistorius maintains he fired into his locked bathroom in a panic over a possible prowler. However, prosecutors say the 26-year-old put on his artificial legs and stalked Steenkamp to the bathroom to kill her.