IPL boss goes on the offensive
IPL boss Lalit Modi went on the offensive on Wednesday, saying he was prevented from disclosing ownership details of all the teams by the BCCI’s president, Sashank Manohar, and vice-president, Arun Jaitley.india Updated: Apr 22, 2010 00:25 IST
IPL boss Lalit Modi went on the offensive on Wednesday, saying he was prevented from disclosing ownership details of all the teams by the BCCI’s president, Sashank Manohar, and vice-president, Arun Jaitley.
He made public a copy of an April 14 mail he reportedly sent to all team owners and governing council members. It read: “Propriety and fair play demand we should as public body disclose ownership details along with name of directors of all franchisees once again. Earlier, we at the time of bidding only disclosed names and share holding.”
“The tax officials requested details of the contractual arrangements in relation to the BCCI and IPL and WSG cooperated fully with the officers and will continue to do so,” said a WSG statement.
There are allegations that MSM had paid a “facilitation fee" of $80 million (about Rs 368 crore) to an offshore Mauritius based company of WSG. In Kolkata, tax sleuths carried out surveys at KKR's offices in Eden Gardens and also the team hotel. I-T officers believed that the amount of Rs 2 crore given to the CAB as the first instalment for organising the matches at Eden, had transactions going back to Mauritius.
Similar searches were carried out at the premises of Deccan Chargers Sporting Ventures Limited Sporting company. In Chennai, investigators surveyed the office of CSK owned by India Cements.
BCCI secretary N Srinivasan is the Vice-Chairman and Managing Director of India Cements. The ED has registered a case against IPL after it received preliminary information that foreign funds without permission of RBI might have trickled in, sources said.