The Committee was formed on Wednesday (July 26) as Wu’s rival factions attempted to seize control of the organisation's headquarters on the Maison du Sport International in Lausanne. 

A notice was reportedly pinned to the door claiming that a motion of no confidence has been called against Wu.

It marked another twist in a remarkable saga which has already seen AIBA Executive Committee members unsuccessfully demand the resignation of Wu during a two-day meeting in Russia’s capital Moscow.

Wu instead called an Extraordinary General Meeting (EGM) for three months’ time in the belief the National Federations will support him.

AIBA executive director William Louis-Marie said in a statement that the organisation "condemns in the strongest possible terms the latest tactics of its Executive Committee, under the unrecognised 'Interim Management Committee".

He also claimed their actions contravened AIBA statutes and Swiss law.

But Wales’ Terry Smith, a leading figure in group that set up the Committee, has argued that is not the case in an interview with the New Indian Express.

He also claimed the Executive Committee is well within its rights to call an EGM to remove Wu with a no confidence motion.  

"Under AIBA's statutes, the Executive Committee does not have the authority to remove the President,"he added. 

"Only the Congress can do this with a vote of 'no confidence'.

"However, the Executive Committee does have the authority to call an EGM to deal with this matter and this decision has been taken.

"In the meantime, the Executive Committee has also decided to install an 'Interim Management Committee' to manage the administration and business of AIBA until the Congress makes their decision at the EGM."

Louis-Marie also claimed that the opponents' actions threatened the forthcoming AIBA Men's World Championships, scheduled to take place in German city Hamburg from August 25 to September 2.

Smith has said, however, that neither that event, nor the 2019 and 2021 Men's World Championships which were awarded to Moscow and India’s capital New Delhi respectively at the AIBA Executive Committee, will be affected.

"The World Championships in Hamburg this year, 2019 in Russia and 2021 in India will go ahead as planned as will all other planned events and with a great deal more support from the Continental Confederations of the host cities," Smith told the New Indian Express. 

Earlier this month, Smith, who had written to Wu and other senior members of AIBA to request answers to concerns raised by AIBA’s financial director Rob Garea, was removed from the Executive Committee.

In a letter to Executive Committee members seen by The Guardian, Garea raised worries about AIBA’s spending.

Smith wrote in his letter to Wu that "the contents of the finance director’s letter to EC members have given me great concern for the future of AIBA because it implies there may be serious deficiencies or irregularities in finance and governance".

Wu responded by claiming he had commissioned a review to improve AIBA’s corporate governance.

He claimed Smith was removed from his position because he was no longer an honorary member of Welsh Boxing.

In 2013, when Smith was chairman of the Welsh Amateur Boxing Association (WABA), an independent audit found the national governing body was "unfit for purpose" and should not continue to receive public funding. 

Among the findings by the auditors KTS Owens Thomas was that due to the "absence of sufficient financial records" they could not satisfy themselves there "was no fraud".

Smith denied the allegations and blamed the poor financial record keeping on the fact the organisation was run by unpaid volunteers who did not have formal training.

Smith took AIBA to a Swiss court following the decision to remove him from the Executive Committee and overturned the decision last week.

"Terry Smith’s role on the AIBA Executive Committee was concluded due to the non-renewal of his elected position for the Welsh Amateur Boxing Association according to AIBA by-laws," AIBA spokesman Nicolas Jomard said.

"This is when he starts to publicly criticise the Association and accusing AIBA President with groundless allegations instead of keeping a loyalty to boxing."

Another critic of Wu, David Francis, who resigned as treasurer of AIBA in May citing differences with the world governing body's leadership, was forced to step down as chairman of the WABA in March. 

It followed a warning from Sport Wales, the WABA's main funding partner, that they had "lost confidence in its governance". 

Canada's Pat Fiacco and Italy's Franco Falcinelli, an AIBA vice-president and President of the European Boxing Confederation, are also part of the group that set up the Interim Management Committee.