ministry of external affairs

IPL franchisees come under ICAI scanner: Big Trouble for Big IPL Money

There’s more trouble brewing for the BCCI’s cash-cow, the Indian Premier League (IPL).

The IPL has been mired in controversies over the past year.

The Twitter spat between Lalit Modi and Shashi Tharoor was the spark that triggered a conflagration of sorts; IPL shenanigans were tabled on the floor of Parliament. Media darling, Tharoor, was forced to resign from his position of Ministry of External Affairs (MEA).

IPL: The octopus spreads its tentacles to South Africa, Kochi and Lalit Modi in troubled waters

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Cricket South Africa (CSA) reminded us that the tentacles of the IPL mess are not restricted to just Indian and English shores.

CSA have terminated an external investigation into the bonuses paid by Lalit Modi to CSA chief executive Gerald Majola and 40 other staff during the IPL’s second season.

The IPL was moved to South Africa in 2009 following the Indian government’s refusal to provide adequate security for the event because of the clash with the general election. The security apparatus of the state could not be stretched to meet both concerns.

A payment of 4.7 million rands was made to Majola and his associates.

The South African opposition has slammed the switch to an internal investigation as ‘disappointing’.

The Enforcement Directorate(ED) is known to be investigating the payment back in India as apparently there was no tax paid on the foreign exchange transfers.