Friday, July 16, 2010

I-T to probe IPL rights, Modi wrongs

There's fresh trouble brewing for Lalit Modi and, perhaps, the Board of Control for Cricket in India (BCCI). They have to respond to the Income Tax department's detailed questionnaire on all the rights sold by the IPL, including big-ticket TV deals, in-stadia advertising and hospitality rights. They have also been asked to furnish details on the two rounds of bidding for the teams, including amounts paid, bank guarantees furnished and even particulars of the failed bidders.
A number of government enforcement agencies have been probing Modi, the suspended Indian Premier League chairman — and by extension the BCCI — for several months now, over alleged irregularities in the running of the billion-dollar plus league.
With Modi, it is alleged misuse of power that is being investigated — from travelling only in luxury cars paying exorbitant rates to using the plush Four Seasons hotel as an IPL office and to entertain guests, to more serious issues relating to the allotment of teams to certain interest groups and the allocation of various IPL rights.

  **Details Here.

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