The Crime Investigation Department of Telangana police has stepped up its investigation into the alleged misappropriation of Hyderabad Cricket Association (HCA) funds.
According to sources, the CID is getting prepared to conduct a forensic audit to bring clarity to the misuse of funds.
According to the CID, since Jagan Mohan Rao became HCA president, the BCCI released Rs 240 crore to the association.
“Now, only Rs 40 crore remains in HCA accounts. In just 20 months, Rao had spent over Rs 200 crore, and the forensic audit will reveal where the money went,” sources said.
Officials noted that two forensic audits had already been conducted into HCA irregularities since 2014.
The CID said this new audit is part of the ongoing case. Earlier, CID officials stated that fake bills were used to siphon BCCI grants and HCA funds.
Key information was reportedly extracted from HCA secretary Devaraj Ramachander, the second accused in the case, who was arrested in Pune on July 25. With court permission, CID took him into custody from August 7 to 13 for interrogation.
Investigators allege that Jagan Mohan Rao created forged documents in the name of “Sreechakra Cricket Club.”
His wife Kavitha, president of Sreechakra Cricket Club, allegedly forged the signature of Goulipura Cricket Club president and former minister C. Krishna Yadav, and gave the documents to Jagan Mohan Rao.
Using them, he became HCA president. The case was filed based on a complaint by TCA president Guruva Reddy, alleging misappropriation of HCA funds.
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