The Enforcement Directorate has attached assets worth ₹4.13 crore of four former office bearers of the Goa Cricket Association (GCA) in a money laundering case.
The attached properties include an apartment of Dayanand Narvekar, three shops owned by Chetan Desai, a plot of Vinod Phadke and two land parcels, besides ₹67,500 in fixed-deposit of Akbar Mulla. The action was taken on the basis of an FIR registered by the Goa Police for alleged swindling of funds received by the GCA from the BCCI.
During 2006-2007, the BCCI forwarded grants/TV subsidy amounting to ₹6.95 crore to the Association. Of that, ₹3.87 crore was allegedly siphoned off by the then four office bearers by fraudulently opening accounts with the Development Credit Bank and the Shiroda Urban Cooperative Society. The accounts were opened in GCA’s name. “The money was withdrawn in cash using bearer cheques in the name of fictitious persons. The office bearers used to telephonically inform the bank officials concerned asking them to clear the cheques,” said an ED official.
The ED said Mr. Narvekar also siphoned off ₹26 lakh from the Federal Bank account of the GCA. “The amount was withdrawn in cash ostensibly to pay Hako Enterprises, Mumbai, for supply of sports equipment. However, the company confirmed that it had not supplied any such equipment nor such a payment had ever been received,” the official said.