The Income Tax (I-T) authorities had briefly questioned Bombay Dyeing's Joint Managing Director Ness Wadia on Saturday in connection with investments in IPL team Kings XI Punjab (KXIP).
Ness had visited the I-T's investigation wing office to submit documents related to KXIP.
His visit to the I-T office came a day after the department's survey at Bombay Dyeing office at Lower Parel to recover documents pertaining to investments and stake holding pattern in the franchisee.
However, during the survey, the officials had not found all the documents. An I-T official said that Ness visited the
office on his own and the dept did not summon him.
"However, we asked him a few questions," the official said.
The KXIP did not respond to a query by HT. I-T officials said that KXIP is the only team which has inducted foreign equity without approval from Foreign Investment Promotion Board (FIPB).
BCCI yet to log off suspended Modi
The BCCI may have suspended Modi as IPL Commissioner, but the suave former chief of T20 extravaganza can still be seen smiling on the website of the IPL.
Moreover, the website still mentions Modi as the Chairman and Commissioner of IPL Governing Council and lists out his achievements despite having been suspended by the Board of Control for Cricket in India (BCCI).
On its homepage, the IPL continues to have a 'Modi Tweets' column, which continuously updates all his tweets.
In full compliance of BCCI guidelines: RR
A day after the board president Shashank Manohar raised questions about the ownership of IPL team Rajasthan Royals, the franchisee shot back, saying their ownership structure has been completely transparent and in accordance with regulatory guidelines issued by the BCCI.
In a statement, they said, "The Rajasthan Royals franchise bid was successful, with full compliance of BCCI guidelines. Full details of the consortium bid structure and the way the company would be set up were contained in the original submission to the BCCI in January 2008."
Advertisers may snap association with IPL
Major advertisers in the IPL such as Godrej and Samsung on Tuesday said if the alleged financial irregularities in the T20 league were proved to be true, then they may rethink over their relationship with the tournament.