Finally the IPL will stand exposed.
The revenue department of the Union finance ministry is looking into the financing of the multi-crore IPL in the wake of the controversy over the funding of IPL Kochi, a new franchisee.
Indian Premier League commissioner Lalit Modi was cornered finally.. questioned by officers of the income-tax department over the financial dealings and share-holding patterns of the IPL .
The income-tax department has created a special cell in Mumbai to keep a tab on all income generated by the IPL.
BCCI president Shashank Manohar will be the co-chairman of IPL, sharing power with Modi. Modi would have to be ratified by the IPL Governing Council.
However former BCCI president and Union minister Sharad Pawar says there is no question of Manohar becoming co-chairman of a body already under the aegis of BCCI. Since IPL is a subsidiary of BCCI, Modi is already answerable to the governing council.
The IPL governing council has former cricketers Ravi Shastri, Sunil Gavaskar, Mansoor Ali Khan Pataudi, as well as politicians and BCCI office bearers such as Arun Jaitley, Rajiv Shukla, Farooq Abdullah, Shashank Manohar, Niranjan Shah, M P Pandove, Chirayu Amin, Sanjay Jagdale and Niranjan Shah.
Kochi franchise is secured by a consortium led by Rendezvous Sports "Gaekwad, a former Congress member of Parliament" showered praise on Pawar and Gujarat Chief Minister Narendra Modi. Naturally Mr Narendra Modi Guijrat Chief Minister was allegedly party to the efforts to move the franchise to Ahmeabad.
Even as the BCCI came down hard on Modi for revealing inside information – "The only reason we did it was that even those who presented the bid documents did not know who the owners were," said Modi in his defence – the CEO of the new franchise, Satyajit Gaekwad, alleged that they had been offered $50m to "quit the game and get out".Interestingly, both Satyajit and Shailendra were relieved of their posts by the franchise
Bharatiya Janata Party poster boy, Narendra Modi heads the Gujarat Cricket Association in Ahmedabad, one of the cities that was expected to get a franchise – asking for Tharoor's resignation.
All we can see is Lalit Modi latest exploit of bagging a staggering sum of Rs 3,250 crore from the two newly added franchisees has left almost all open-mouthed and some even deeply suspicious of the entire episode, especially after the recent controversies.
The wicket is sticky