Dynamite News ED: Former India Skipper appears in money laundering case
Former India skipper and Congress leader Mohammad Azharuddin arrived at the ED office in Hyderabad on Tuesday in connection with a summons issues. Read further on Dynamite News:
Hyderabad: Former India skipper and Congress leader Mohammad Azharuddin arrived at the ED office in Hyderabad on Tuesday in connection with a summons issues for an alleged money laundering case linked to the Hyderabad Cricket Association.
Azharuddin summoned
Azharuddin was summoned on Thursday by the Enforcement Directorate (ED) in an alleged money laundering case linked to the Hyderabad Cricket Association (HCA), according to sources.
Azharuddin was summoned by ED in connection with the Prevention of Money Laundering Act (PMLA), 2002, case against him for alleged misappropriation of funds during his tenure as Hyderabad Cricket Association's President.
Last year in November, ED conducted searches under the provisions of the PMLA at nine locations in Telangana.
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Searches conducted
The searches were conducted at the residences of Gaddam Vinod, Shivlal Yadav, and Arshad Ayub, who served as President, Vice President, and Secretary of the Hyderabad Cricket Association at various points in time.
Searches were also conducted at an office premise the residential premises of its MD. Search operations resulted in the recovery and seizure of digital devices, incriminating documents, and unaccounted cash of Rs. 10.39 lakh.
Premises of Gaddam Vinod revealed
A search of one of the premises of Gaddam Vinod revealed that it was allegedly being used as an office for several companies owned and controlled by his brother Gaddam Vivekanand, a former Member of Parliament (MP).
ED initiated an investigation on the basis of 3 FIRs registered by the Anti-Corruption Bureau (ACB), Hyderabad, and the corresponding chargesheets filed by the ACB relating to criminal misappropriation of the funds of the Hyderabad Cricket Association to the tune of Rs. 20 crore.
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Allegations of serious irregularities
The chargesheets contain allegations of serious irregularities in the procurement of DG sets, firefighting systems, and canopies for Rajiv Gandhi Cricket Stadium constructed in Uppal, Hyderabad.
As per the chargesheets, despite deadlines, several works were delayed inordinately, leading to escalated costs and budget enhancements and corresponding losses to the Hyderabad Cricket Association.
Hyderabad Cricket Association
It was also revealed that the office bearers of the Hyderabad Cricket Association, including its then Secretary, President and Vice-President and others, allegedly in collusion with private parties, arbitrarily got various tenders and works allotted to alleged preferred vendors/contractors at higher than market rates without following proper tender processes and in many cases even before the receipt of quotations.
Advance payments were made to many contractors but no work was done by them. (with Agency inputs)