Hyderabad Cricket Association Administrators Justice (Rtd) Anil Dave and Judtice (Rtd) G.V. Seethapathy in their interim report submitted to the Hyderabad High Court on May 31 suggested that the probe into the HCA irregularities be entrusted to agencies like the CBI, Serious Fraud Investigating Office (SFIO) or any competent authority .
“In view of the startling revelations contained in the interim report by Earnst & Young LLP India, entailing huge financial implications, the Administrators are of the considered view that an in depth probe/forensic audit by a competent investigating agency is very much required so that the nature and extent of the financial malfeasance and misfeasance can be unearthed and responsibility for such acts of commission and omission be fixed on the persons involved and appropriate civil/criminal action can be initiated against them,” says the report, a copy of which is available with The Hindu .
It is mentioned in the report that M/s Earnst & Young LLP India had been entrusted with the task of forensic review of sample high value transactions which had taken place during the period from April 1, 2015 to March 31, 2017.
“An interim report which is confidential in nature has been submitted by them which prima facie reveals that several serious financial irregularities have taken place in the financial management and also accounting. As seen from the said report even with regard to few items taken for sample study, the total financial impact was found to be more than ₹2,68,00,000,” says the Administrators’ report submitted to the High Court.
“Regarding the amounts allegedly due and payable to the suppliers and vendors for the period prior to 28.3-2017, totalling around ₹9.3 crore, there has been serious doubt regarding the genuineness and admissibility of the said claims,” the report mentioned.
“The administrators have instructed the Statutory Auditors, the internal auditors and Mr. R. Haniadh, Accounts Officer of HCA, to coordinate with each other and conduct a joint verification of pending claims/bills with reference to all the documents available and if necessary looking into those documents which may be furnished by vendors/suppliers and submit a report item-wise so as to ascertain the genuineness of the claims,” it was mentioned in the report.
