I-T, ED probe 'fund source' of IPL teams

The Income Tax (I-T) department and Enforcement Directorate (ED) are reported to have begun a discreet enquiry into the source of funds of certain franchisees of the cash-rich IPL.

Sources said the probe has been initiated to find out if there is any illegal flow of funds or whether any black money in being pumped into the sporting extravaganza, including from foreign shores.