HCA president Jaganmohan Rao sent For judicial Remand In Rs 170 crore scam

The Malkajgiri court has remanded four accused, including President Jaganmohan Rao, in the Hyderabad Cricket Association presidential election irregularities case. Earlier, the CID revealed key details regarding Jaganmohan Rao’s arrest. It has found that there was an embezzlement of Rs 170 crore in the Hyderabad Cricket Association (HCA) in two years.

The CID has come to light in the wake of the ticket dispute with Sunrisers Hyderabad (SRH) in the course of its investigation. It has been said that he was arrested on charges of irregularities and misuse of funds in the HCA, including forgery of signatures. The CID has found that Jaganmohan Rao, along with Srichakra Cricket Club President Kavitha and General Secretary Rajender Yadav, forged the signature of Gowlipura Cricket Club President and former Minister Krishna Yadav.

The CID investigation revealed that Jaganmohan Rao was elected as the HCA president on the basis of forged documents when Kavitha provided them to Jaganmohan Rao. The police officers who registered a case and started the investigation took action against the real culprits. On the other hand, the CID, which registered another case on the complaint of TCA president Guruva Reddy regarding irregularities and misuse of funds in HCA, has taken up the investigation.

A case has been registered against Jaganmohan Rao, treasurer Srinivas Rao, CEO Sunil, Sri Chakra Cricket Association president Kavitha and general secretary Rajender Yadav and they have been taken into custody, said CID Additional DG Charusinha in a statement. SRH has made sensational allegations against HCA president Jaganmohan Rao several times in the past. Accordingly, the Telangana state government has ordered a vigilance investigation.

The vigilance investigation revealed that the HCA president had put severe pressure on the SRH franchise. Based on that report, the Criminal Investigation Department registered a case. It is known that in the past, a dispute arose between HCA and SRH over complimentary tickets at the Uppal Stadium during cricket matches.

HCA had asked the Sunrisers franchise to allocate passes in all categories as before. HCA representatives, who spoke to SRH CEO Shanmugam on the phone, informed them of their decisions. Shanmugam then said that they would ensure that the tickets allocated to HCA continue as usual.

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