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Now, fight over bank accounts

New Delhi: A day after the Indian Olympic Association (IOA) completed its elections despite being suspended by the International Olympic Committee (IOC), a bitter wrangling has started between the two warring groups over the operation of bank accounts.

While Randhir Singh claimed he was still the secretary general and remains one of the signatories on all the banking matters of the IOA, the newly-elected officer bearers said the previous regime was no more the decision-making authority.

IOA, which would not receive any grant from the IOC until the suspension order is revoked, has around Rs. 20 crore in two nationalised banks — Indian Bank and Andhra Bank. While IOA sources said the outgoing acting president Vijay Kumar Malhotra has already written to the banks, Randhir said legally the new body doesn’t exist.

“During the period of suspension, the old body stays as caretakers. So I remain the secretary general. I have already forwarded a copy of the suspension letter to the concerned banks,” Randhir told The Telegraph.

However, the newly elected treasurer, N Ramachandran, who is also the president of Squash Rackets Federation of India (SRFI) dismissed Randhir’s suggestion.