Hyderabad, March 19 -- The Enforcement Directorate (ED) Hyderabad has attached properties worth Rs 51.29 lakh in connection with the misappropriation of funds by the officials of Hyderabad Cricket Association (HCA)
According to reports, HCA officials gave contracts for supply of cricket balls, bucket chairs, and gym equipment at inflated prices to Sara Sports, Excellent Enterprises, and Body Drench India. The illegal financial gains from these contracts were funnelled to Surender Agarwal, former Vice President and Treasurer of HCA, and his family members as quid pro quo.
ED investigation revealed that Sara Sports transferred Rs 17 lakh to KB Jewellers, a proprietorship firm owned by Surender Agarwal's wife, and to the personal bank acco...
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