City Corp MD bid for Pune franchise on company's behalf

Union Minister Sharad Pawar's trouble over his involvement in the bid for the Pune IPL team mounted according to reports that City Corporation Board had authorised its managing director to bid for the franchise on the company's behalf and not in his personal capacity.

Union Minister Sharad Pawar's trouble over his involvement in the bid for the Pune IPL team mounted as reports that City Corporation Board had authorised the company's Managing Director Aniruddha Deshpande to bid for the franchise on the company's behalf and not in his personal capacity.

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Pawar, who is also former BCCI chief, and his Parliamentarian daughter Supriya Sule have been embroiled in the controversy over the bid for the Pune IPL team, which was won by Sahara group, after it came to light that the Pawar family had a 16 per cent equity in City Corp.

But Pawar claimed that Deshpande bid for the Pune team on his own and the company's Board was against the move even though it allowed him to use the company's name on bid documents.

Documents shown on CNN-IBN showed that Deshpande was authorised to bid on behalf of City Corp and that the company's board approved of the IPL bidding.