Shocker: 600 Cr Allegation on Hyderabad Cricket Association!

It is already known that the Hyderabad cricket Association frequently faces complaints for being the most corrupt cricket board in South India and one of the most corrupt entities in all of Indian cricket. 

Telangana cricket Association has filed a LokaYukta complaint against the Hyderabad cricket Association, making a shocking allegation worth around ₹600 crore. 

In tune with this, the Telangana Lokayukta has commissioned a CID probe into the HCA financial irregularities and asked for a report within four weeks. 

It is alleged that the HCA had committed financial frauds amounting to ₹600 crore in the past 15 years with 18 unregulated clubs that were formulated and used to divert funds in the recent past. 

It was further pointed out that ₹69 crore was illegally siphoned off from the HCA account to the Visakha company. To make matter towards the HCA is also facing allegations of opening a new bank account to hold a new T20 trophy and possibly make more money illegally out of this.

It is evident that the Telangana cricket Association is coming down heavily against the Hyderabad cricket Association with all the financial regularities that are unearthed. 

The fact that a single state oriented Cricket association is facing allegations of ₹600 crore in 15 years span is an indication of the kind of irregularities registered by the HCA in recent years.