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Lodha panel directs banks to halt BCCI disbursements
NEW DELHI: Fuming at the defiance of its recommendations , the Supreme Court-appointed Lodha Committee has “directed” banks, where the Board of Control for Cricket
NEW DELHI: Fuming at the defiance of its recommendations , the Supreme Court-appointed Lodha Committee has “directed” banks, where the Board of Control for Cricket in India (BCCI) holds accounts, not to disburse any funds for the financial decisions taken by the Board at its Special General Meeting (SGM) on September 30.
“It has come to the notice of this Committee that certain decisions have been taken at the ‘Emergent Working Committee’ meeting of the BCCI on 30th September 2016 to disburse large funds to the various member associations,” the Committee stated in a letter to the banks.
The letter has also been addressed to the BCCI secretary, Ajay Shirke, CEO Rahul Johri and Treasurer Anirudh Choudhary.
“You are aware that by way of this Committee’s direction dated 31.8.2016, no further decisions were to be taken regarding the future apart from routine matters. The disbursement of these amounts are not routine, and in any case, not emergent,” the Committee said.
“You are also aware that the BCCI has chosen to breach the judgment of the Hon’ble Supreme Court as well as the first set of Timelines set out by this Committee which includes the Fund Disbursement policy to be framed by 30.9.2016.
