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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.
Updated on: Feb 9, 2013, 01:48:23 IST
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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.
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