TCA seeks probe into Rs 69 cr ‘misappropriation’ in HCA
The Telangana Cricket Affiliation (TCA) has demanded an intensive investigation into the alleged misappropriation of ₹69 crore meant for cricket improvement, accusing officers of the Hyderabad Cricket Affiliation (HCA) of monetary irregularities.
Addressing a media convention in Secunderabad, TCA Basic Secretary Guruva Reddy alleged that the funds have been diverted in a quid professional quo association involving Visaka Industries and members of the HCA Apex Council. He launched paperwork claiming fraudulent exercise and intentional misconduct in dealing with publicly accountable funds. Reddy stated that though the Board of Management for Cricket in India (BCCI) had directed each our bodies to debate collaboration for cricket improvement, HCA didn’t current any proposals throughout a gathering chaired by
Justice Naveen Rao on February 18. He additional alleged that a number of crores have been transferred to Visaka Industries with out correctly contesting arbitration proceedings. TCA has urged authorities to expedite the probe and, if required, hand the case to the Central Bureau of Investigation (CBI).
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