Business Standard
Saturday, May 26, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

BCCI launches series of charges against Modi
Press Trust of India / Mumbai Apr 26, 2010, 16:16 IST

Hours after being toppled as IPL Commissioner, Lalit Modi today faced a series of charges, relating to the bids of Rajasthan Royals and Kings XI Punjab and rigging of the bids of two new franchises apart from the broadcast deal and was asked to explain his conduct.

46-year-old Modi, who was suspended and issued a show-cause notice on various charges, was also accused of keeping the Governing Council in the dark and taking decisions on his own.

BCCI President Shashank Manohar, who addressed a press conference after a meeting of the Governing Council, gave a clean chit to Agriculture Minister Sharad Pawar, saying there is no involvement of any of his relatives either in the present or the initial bids.

He ruled out any political interference in the functioning of the BCCI saying as far he was concerne, nobody can change his decisions.

At the meeting, Baroda Cricket Association President Chirayu Amin was appointed the interim Chairman of IPL and a three-member committee of former players -- Sunil Gavaskar, M A K Pataudi and Ravi Shastri -- was appointed to manage affairs of IPL 4.

"Many of the records are missing. The IT is asking for documents. We don't have them. We have asked BCCI CAO Prof Ratnakar Shetty to look into the missing records and papers," he said.

Asked about the charges levelled against Modi, Manohar said the charges basically relate to the initial bid of Rajasthan Royals and Kings XI Punjab, allegations relating to broadcasting deal, bid rigging of two new franchises (Kochi and Pune), internet rights and behaviorial pattern.

Attacking Modi, he referred to the former IPL Commissioner's statement that the entire world knew about the IPL affairs but said even the members of the Governing Council were not aware of matters.

He cited the example of Rajasthan Royals franchise of the Jaipur IPL team in which shares of two people are sold and tranfered to certain individuals and certain companies.

"There is a company called Tresco and Blue Water... Nobody knows what is Blue Water and what is Tresco and all these things. I did not find in the shareholders register, the name of Raj Kundra or Shilpa Shetty, who claim to be the stakeholders," Manohar said.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- IFC plans to invest in Malaysia's Khazanah healthcare arm
- Cong leaders must work together for winning elections: Scindia
- Hotel Leelaventure redeems outstanding bonds worth $41.6 mn
- Ex-Galleon portfolio manager testifies against Rajat Gupta
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Astronomers seize last chance in lifetime for Venus Transit
- FIIs bet heavily in Indian market, but in Singapore
- Reddy rules out rollback of rise in petrol prices
- IPL on turning track, broadcast revenue down by a third
- Ajit Singh meets striking pilots
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us