'Some APBA officials have pocketed Rs 3cr'

Rajahmundry: Senior president of Andhra Pradesh Badminton Association, T Narayana Reddy, has alleged that financial irregularities to the tune of Rs 3 crore has taken place in the association. He said funds, which were sent to the association from Badminton Association of India and Yonex, were diverted into the accounts of a few officials.
Speaking to reporters, here, on Wednesday, Narayana Reddy said he had filed an RTA plea demanding to know about the financial transactions of the association during the previous regime but he has not got any information. Alleging that the funds, which are earmarked for players, are appropriated by the secretary, CEO and treasurer of the association, Reddy said he lodged a complaint with Machavaram police station last month. Following which he received threats, he said.
He claimed that the future of about 12,000 players from the two Telugu states are at stake and asked the Sports Authority of Andhra Pradesh to take over APBA. He demanded that the money be recovered soon.

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