Incriminating papers found during KKR search

Income Tax officials probing alleged financial irregularities in the cash-rich IPL today claimed to have found some "incriminating" documents during searches at the offices of Kolkata Knight Riders and Cricket Association of Bengal (CAB).

The searches that began last evening went on for eight hours and ended at 1 AM during when the CAB office bearers, including its joint secretary Biswarup Dey were questioned.

"We have some incriminating documents related to IPL and KKR. We will further investigate its nature and all transactions of IPL, KKR and CAB," Akhilendu Jadhav, an IT official, told reporters in the wee hours of morning here.

KKR was among the four Indian Premier League(IPL) franchisees whose offices were surveyed during a nation-wide probe by tax sleuths yesterday. The offices of Chennai Super Kings, Deccan Chargers and Kings XI were searched in Chennai, Hyderabad and Gurgaon respectively.

"We are satisfied with our inquiry. This is a lengthy process and if needed we will come back again," an IT official said here when asked whether they have plans to conduct a similar raid at the office of CAB president Jagmohan Dalmiya.

Dey said they had complied with all the details and documents that were asked for by the taxmen.

The IT authorities are investigating the entire IPL structure, which has become a huge revenue-earning entity for the BCCI, since its inception in 2008.