Current Affairs

ED attaches assets worth Rs 4.13 crore of former GCA executives

The Enforcement Directorate (ED) in Goa said that it had attached properties worth Rs 4.13 crore belonging to former senior officials of the Goa Cricket Association (GCA) who had allegedly siphoned off money granted by Board of Control for Cricket in India (BCCI) in year 2006-07.

In a statement issued here the agency said, “Existence of these grants and the new bank accounts was neither disclosed in the monthly meeting/annual general body meeting nor mentioned in the balance sheet of GCA. Thereafter, the money so deposited would be withdrawn in cash using bearers cheques in name of fictitious persons.”

It was alleged that almost half of Rs 6.75 crore transferred by the BCCI to the GCA was siphoned off by the then senior officials of the cricket body in the state who included former president Dayanand Narvekar, former secretary Vinod Phadke, former committee member Chetan Desai and former treasurer Akbar Mulla by using fake bank accounts.

Narvekar has been Deputy Chief Minister of the State and Speaker of the Goa Legislative Assembly.

The BCCI had issued the grants for creation of infrastructure and purchase of equipment.

Savio Rodrigues

Savio Rodrigues Founder & Editor-in-Chief

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