IPL now under government scanner

(vIndianz April 19, 2010): The Indian Premier League has come under the government scanner following the controversy over the Kochi IPL team ownership.

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Finance Minister Pranab Mukherjee declared in Parliament that a concerned department was checking IPL’s funding. He added that the source of the money, the pattern of investment and similar aspects would be looked into by the government.

Media reports are also rife about an investigation by the Corporate Affairs ministry into the mode of operation of the IPL franchisees. The involvement of several listed companies as IPL team owners also merits the need for the Corporate Affairs ministry to probe the matter. A popular television news channel also reported that IT officials would be briefed by the Enforcement Directorate and the Revenue Secretary on speeding up the investigations.

The BCCI has postponed the meeting of its Working Committee citing the need for all matters to be first discussed in a meeting of the IPL Governing Council. However, the probability of Governing Council meeting being held before April 23, as earlier promised by the BCCI, seems low.

IT officials have already carried out inspections of IPL’s offices and of IPL Chairman Lalit Modi’s residence. The Mohali office of Kings XI Punjab team has also been inspected by the IT department.

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IPL now under government scanner

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