The Lalit Modi-Kochi consortium saga could well cost the Indian Premier League (IPL) chairman dear. The Kochi consortium’s allegation of Modi offering them a bribe of $50 million may have put him in a deeper hole.
BCCI insiders confirmed the Board was taking the allegation seriously.
According to a source, Modi, who had earlier on Wednesday defended his stand of seeking details of holdings from the Kochi owners before signing the agreement draft, finds himself in a hole he’ll find difficult to get out of.
He added that not just the IPL governing council members, even most of the BCCI members were angry with Modi over the episode.
Even though the allegations are not in writing, the BCCI top brass is in no mood to take them lightly. The source said given the crisis and the serious nature of allegations against Modi, these would need to be investigated by the Board.
It was also learnt that Modi, realising the gravity of the situation, had been calling various BCCI members and lobbying for support within the Board.
It remains to be seen if the BCCI top brass is convinced by Modi’s version.