The International Olympic Committee is investigating Sunday Times claims of corruption involving 27 officials and agents representing 54 countries.
The most in-demand tickets were said to be priced at up to 10 times face value.
"If you know you are breaking rules and still do it, it is unacceptable," said the IOC's Denis Oswald said.
More than one million tickets were distributed overseas among all nations taking part in London 2012 but the IOC has strict rules to combat touts.
It is the responsibility of individual National Olympic Committees (NOCs) to make sure its allocation is sold only within its own country.
The Sunday Times alleged that agents and officials had been caught selling thousands of tickets on the black market.
READ MORE:http://www.bbc.co.uk/news/uk-18483145
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