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10 Jul, 2025
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CID Focuses on HCA’s IPL Fund Diversion
@Source: deccanchronicle.com
Hyderabad: A day after the Crime Investigation Department (CID) officials arrested five individuals, including Hyderabad Cricket Association (HCA) president A. Jaganmohan Rao, investigators have shifted focus to the alleged diversion and irregularities involving Rs 170 crore of HCA funds during the IPL matches.The CID produced the five accused — Jaganmohan Rao, HCA treasurer J.S. Srinivasa Rao, CEO Sunil Bose Kante, Sri Chakra Cricket Club president G. Kavitha, and her husband and club general secretary Rajender Yadav — before the court. They were later remanded to judicial custody.CID officials said that Jaganmohan Rao forged documents to become eligible to contest the HCA presidential election. Rajender Yadav and his wife Kavitha reportedly assisted him by creating fake and fabricated certificates of membership from Sri Chakra Cricket Club in Gowlipura.After becoming HCA president, Rao allegedly extended undue favours to Yadav and Kavitha by diverting funds and misusing HCA resources. The CID is expected to file a petition seeking police custody for further interrogation.Investigators plan to scrutinise bank account statements of all five accused, including digital transactions and cash dealings from recent years. The CID will write to the respective banks to obtain savings and current account records of the accused.Preliminary findings suggest that Jaganmohan Rao and his associates may have misused over `170 crore by transferring funds to other accounts through fake invoices under the guise of HCA maintenance expenses. The CID aims to uncover the full extent of the fund diversion during police custody interrogation.
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