KOZHIKODE: The local funds audit department has observed that the corporation authorities have landed the civic body in a debt trap by taking a loan for establishing floodlights at EMS stadium, where no major sports event has been held for want of facilities. In its report for 2010-11, senior deputy director, local funds audit department, said though the floodlights were installed at the stadium after taking a loan of Rs 5,00,68,000 from Hudco, no international or national...
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