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As a token of appreciation, a gold medal of five sovereigns and a cash award of Rs 5 lakh were presented to him by Malayala Manorama Managing Editor Philip Mathew.
Sreejesh will take up the role of the junior national coach.
The men's hockey team created history by winning back-to-back medals for the first time since the 1972 Olympics in Munich.
India will compete against Spain in the bronze medal match in men's hockey.
The FIH on Wednesday named its new Athletes Committee, to be led by co-chairs Chilean women's hockey team defender Camila Caram and Sreejesh.
The Australian held the post for nearly 13 years and had not been paid for the last three months, according to Hockey India sources.
The 22-year-old, in her complaint, said that she came in contact with Varun in 2018 through Instagram, and the player raped her on multiple occasions promising her of marriage when she was 17.
India must beat Japan in the third-fourth place playoff on Friday to seal Olympic berth.
The FIH recently partnered with Spring Media to offer fans a betting package that includes all its events.
The Dutchman will oversee the national junior and senior programmes of Hockey India.
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