New Delhi, March 18 -- In a significant development, the President of the Boxing Federation of India (BFI), Ajay Singh, has suspended Secretary General Hemanta Kumar Kalita and Treasurer Digvijay Singh following an independent investigation into financial mismanagement.

The decision follows a complaint from the Sports Authority of India (SAI) regarding alleged financial irregularities within the federation. In response, BFI appointed retired Delhi High Court judge, Justice Sudhir Kumar Jain, to conduct an independent inquiry into the matter.

Justice Jain's report found Kalita and Singh guilty of serious financial irregularities and mismanagement of funds, marking a clear breach of their fiduciary responsibilities. As a result, they were...