Advertisement

HindustanTimes Sat,25 Oct 2014

Cricket

BCCI fined $9.8 million over 'unfair' IPL deals
AP
New Delhi, February 09, 2013
First Published: 01:47 IST(9/2/2013)
Last Updated: 01:48 IST(9/2/2013)

The Board of Control for Cricket in India has been slapped with a $9.8 million fine by the government for unfair practices related to Indian Premier League contracts.

The Competition Commission of India asked the BCCI to "cease and desist" from practices which denied market access to potential competitors.

The CCI, set up to eliminate practices that have an adverse effect on competition, had reportedly been investigating IPL deals for more than two years.

It's another setback for the cash-rich BCCI. It was served a $433 million income tax notice last year, and its IPL franchise, the Rajasthan Royals, was fined $18.8 million this week by India's Enforcement Directorate for flouting foreign exchange rules.


Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved