"The BSAM Managing Committee, in its meeting held on 14th December 2013, unanimously accepted the resignation received from the President Mr Michael Ferreira," the release said.
Thanking Ferreira for his outstanding service over the years, BSAM said vice president Rajan Khinvasara will take over as president while snooker ace Yasin Merchant will become the new vice president in the vacancy created by Khinvasara's elevation.
Both Khinvasara and Merchant accepted their respective posts, the release added.
The former billiards ace, who is abroad, trashed the allegations against him of defrauding people a few days ago. He had described as "outrageous, malicious and untruthful" the charges levelled against him of defrauding people through QNet.
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