In a saga that lasted around three months, Tolgay Ozbey is now a free player after he cleared off the fine of Rs. 10,28,982.70 to East Bengal.
The Red and Gold brigade had earlier accused the player of having taken an advance from them to sign for the 2012-13 season but eventually joined arch rivals Mohun Bagan.
Indian Football Association (IFA), the governing body of football for Bengal, found Tolgay guilty in their findings for professional misconduct and was asked to apologize to his former employers.
"He is now a free player. He apologised in writing. It's a victory for us. After all this, I'm sure he now realises what's right and wrong," Kalyan Majumdar, the East Bengal general secretary, clarified.
It is also reliably known that East Bengal will donate the money received to IFA for development of nursery football, while Ozbey is likely to sign an official contract with Mohun Bagan on Tuesday for the 2012-13 season.
It has to be recalled that Ozbey had accused East Bengal of harassment when, in a press conference on May 17, the player claimed to be a "free player" to sign for any club he wants.
The claims were however refuted by East Bengal secretary Majumdar who claimed that Ozbey had signed a club voucher for the next season and illegally accepted money from Mohun Bagan.
Ozbey had also expressed hopes that all outstanding issues with the Red and Gold could be amicably resolved, but the IFA's Players' Status Committee found him guilty and fined him.