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01-18-2011, 10:39 PM #1
IPL money game: BCCI top brass involvedThe top brass of the Board of Control for Cricket in India (BCCI) has a role in controlling Indian Premier League (IPL) finances and may have misled the Parliamentary Committee which is probing the league's accounts, revealed CNN-IBN.
The channel has accessed the e-mail records of the BCCI Secretary N Srinivasan, proving him to be the final approving authority on all IPL 2009 bills and tax matters and a clear role of BCCI in IPL financial transactions.
It was also learnt that BCCI President Shashank Manohar assigned control of $10 million IPL-2 fund to treasurer MP Pandove, indicating that Srinivasan and Pandove had a clear role in handling IPL-2 finances.
IPL Tax Consultant PB Srinivasan and CFO P Kannan are also close to Srinivasan.
Shashank Manohar and other top officials were summoned by the Parliamentary Committee and during that enquiry, the BCCI put all the blame on the former IPL Commissioner Lalit Modi, who has been suspended on allegations of corruption.
Contrary to CNN-IBN's revelations, BCCI has told the Parliamentary Committee that it was Modi who took all the financial decisions. But Chief National Correspondent Sumon Chakrabarti investigated and found out that it was the BCCI President, Secretary and Treasurer who had all powers to conduct the finacial transctions in the IPL.
So that raises a question whether Lalit Modi had any power to conduct or approve financial transactions in the IPL and kept the BCCI and IPL Governing Council in the dark.
According to the minutes of BCCI Working Committee meeting held on March 22, 2009, to shift the venue of IPL-2 to South Africa due to the General Elections in the country, the final decision to decide on the foreign venue was vested with board president Shashank Manohar....being a human...