ED records statement of BCCI president | mumbai | Hindustan Times
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ED records statement of BCCI president

The Enforcement Directorate on Wednesday recorded the statement of Board of Control for Cricket in India president Shashank Manohar in connection with remittance of Rs90 crore to sports management firm International Management Group (IMG) without Reserve Bank of India’s permission.

mumbai Updated: Aug 11, 2011 01:26 IST
HT Correspondent

The Enforcement Directorate on Wednesday recorded the statement of Board of Control for Cricket in India president Shashank Manohar in connection with remittance of Rs90 crore to sports management firm International Management Group (IMG) without Reserve Bank of India’s permission.

IMG, UK conducts Indian Premier League (IPL). Manohar visited the ED office at around 12.30pm and was there for two hours. He did not speak to the media.

The ED had last month issued show cause notices to BCCI and former IPL commissioner Lalit Modi for the same. The notices were issued under the provisions of Foreign Exchange Management Act (FEMA).

The show cause notice asked them why action should not be initiated against them under FEMA for violating the RBI norms and why penalty should not be imposed on them.

The ED had also issued notices to BCCI secretary N Srinivasan and treasurer MP Pandove and to State Bank of Travancore and its officials, as the remittance was made through the bank.

ED officials said Manohar visited their office to represent the BCCI.

Srinivasan and Pandove were sent notices as they were in control of the finances of the BCCI. "They would also have to appear soon," an ED official said.

The remittance was made during 2008-2010 for consultancy services procured by the BCCI. The ED charged Modi because investigations have shown that he had brought in the services of IMG, UK and was primarily responsible for the contraventions.