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Senior vice president Hari Prasad Pattanayak pitched in to add that Sharma had developed good relations with bankers by serving as general secretary for 12 years which helped him to manipulate things according to his whims.
Hanshi Tara, who was elected to the post about a year ago, said that he had verbally cautioned Sharma on several occasions about such allegations after receiving complaints from various quarters.
Thus, he said that he had conducted thorough study for three months which helped in taking this bold decision. The move is not personal but in the greater interest of India and karate as KAI is affiliated to World Karate Federation, he reasoned.
Therefore, a three-member committee was constituted to probe all charges and allegations and submit the report within a month. Sharma will be terminated if he is proved guilty, he added.
Besides Sen and Pattanayak, others present were secretary Ambedkar Gupta (J-K), joint secretaries C Dusavunga & Rajesh Agarwal and Assam unit secretary Uday Sah.