BCCI slaps 22 charges against Modi; suspends him
In a dramatic midnight coup, the Board of Control for Cricket in India on Sunday suspended its vice-president and IPL chairman and commissioner Lalit Modi for alleged financial impropriety listing 22 allegations ranging from financial irregularities to rigging bids, proxy holdings and the WSG deal against him. The great face-off | Suspension letter from BCCI President to Modi | Specialindia Updated: Apr 26, 2010 10:41 IST
In a dramatic midnight coup, the Board of Control for Cricket in India (BCCI) Sunday suspended its vice-president and Indian Premier League (IPL) chairman and commissioner Lalit Modi for alleged financial impropriety listing 22 allegations ranging from financial irregularities to rigging bids, proxy holdings and the WSG deal against him.
Chairman of BCCI's media and finance committees Rajiv Shukla had said earlier in the day that if Modi did not put in his papers by Sunday night, he would be sacked.
Modi made an emotional speech from the presentation ceremony dais after the IPL final, saying that IPL is "clean and transparent."
Main charges levied against Modi:
* Receiving kickbacks - Modi is accused of receiving an $80 million kickback when he renegotiated TV broadcast rights. The chargesheet says the broadcast deal was not passed by IPL governing council and has only Modi's signature.
* Rigged bidding for two new IPL teams. Encouraging, attempting collusive bidding.
* Wide-ranging financial violations, including tampering with bids during auctions for the IPL teams.
* Holding undisclosed stake through proxy fronts in three teams - the Kolkata Knight Riders, the Rajasthan Royals and Punjab Kings XI.
* Arm-twisting successful bidder, Kochi, to withdraw.
* Unexplained million facilitation fee about which BCCI was kept in dark.
* Indiscipline, levelling baseless charges against BCCI bosses.
* Irregularities in awarding broadcast & internet rights.
* Non-disclosure of interest/stake in RR, Kings XI & KKR.
* Ignoring irregularities in Rajasthan Royals in which Modi's kin holds stake.
* Breaching confidentiality clause by tweeting Kochi's share-holding pattern.
(With IANS inputs)
First Published: Apr 26, 2010 10:22 IST