BCCI unearths new financial scandal in IPL 3

The alleged irregularities came to the fore when the IPL's Governing Council met in Mumbai today to go through the accounts of the third edition of the T20 league held in March-April with now suspended Lalit Modi as chairman.

Two days before its AGM, the Cricket Board's bigwigs have allegedly unearthed new financial irregularities in IPL III accounts through an internal audit today.

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The alleged irregularities came to the fore when the IPL's Governing Council met here today to go through the accounts of the third edition of the T20 league held in March-April with now suspended Lalit Modi as chairman.

"An amount of Rs 76 crore and 22 lakh through sale of hospitality tickets for the final (on April 25), the third place tie (held on April 24) and the two semifinals (all held in Mumbai) is unaccounted for," BCCI sources, who did not want to be named, said here.

"Hospitality ticket for the final cost Rs one lakh, it was priced at Rs 80,000 for the third place tie and cost Rs 50,000 for the two semifinals. There is no account for these and there is no signed contract," the sources said.

"Also only 30,000 tickets for the final have been accounted for while the stadium (D Y Patil Stadium) was packed to capacity as everyone had seen and it can hold 52,000 people. Over 20,000 tickets are unaccounted for," they said.