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XtraTime Web Desk: Quess Corp, the erstwhile investors of Kolkata giants East Bengal club has confirmed on Friday that the process has already started to part ways with the club. There has been lot of misleading reports that Quess might stay on with East Bengal as an associate sponsor for the upcoming football season which are false. It was also reported that the Bangalore based company was delaying handing over the sporting rights to the Red and Gold officials. In a statement released by the company, it has denied allegations that they are purposefully delaying the payments of East Bengal player’s salary after they parted ways with the club on May 31. The Bangalore based company has also made it clear that their representatives in Kolkata have been working closely with East Bengal to complete all the formalities pertaining to the termination of the Joint Venture agreement between Quess, QEBFC and EBFC. The process is underway and is expected to be completed soon.

In a statement issued by the Bangalore based company, it said, “It has come to our notice that there are untoward allegations, most of them unverified, doing the rounds on how players of the football club have been denied their salaries as an outcome of the termination of the agreement between Quess Corp and EBFC. We would like to clarify that we are a responsible corporate and our obligations to all will be met. We have been working closely with our representatives in Kolkata to ensure that this transition happen smoothly and with minimal discomfort. The formalities pertaining to the termination of the JV agreement between Quess, QEBFC and EBFC is underway and is expected to be completed soon. While Quess will do everything to protect the value of its shareholders, we will uphold the future of the game and its supporters.”