The intelligence arm of the Income Tax Department on Wednesday conducted a survey of the office of Sahara Adventure Sports Limited, which owns the Indian Premier League's (IPL) Pune Warriors.
“We conducted a survey on one office premise in Mumbai today [Wednesday]. The survey is about tax and IPL-related issues,” a senior officer of the Income Tax Department told The Hindu.
He refuted reports that surveys were conducted in various cities on different premises of the company. “We have conducted a survey only at the office premises of the company in Mumbai,” he said.
Early media reports said the department had raided the company's Pune and Lonawala offices.
Official sources said the inspection was done to examine the records of the company and the funding patterns. It also examined if the company was involved in tax evasion. Officials have sought documents related to financial aspects from the franchisees.
The survey comes within days of a sting operation that allegedly uncovered corruption in the IPL. The sting operation showed a former Pune Warriors' player admitting that he got a much larger amount in black than his prescribed auction amount. Some players also admitted doing spot-fixing in return for huge sums.
Bangalore Staff Reporter writes:
Several financial documents pertaining to the IPL franchisee Royal Challengers Bangalore (RCB) and the Karnataka State Cricket Association (KSCA) on the M. Chinnaswamy Stadium premises here were verified by officials of the intelligence wing of the I-T Department on Wednesday.
The officials, it is learnt, verified financial transactions in the IPL franchisee at its office in the UB City. The verification included payments made to players and transactions between the IPL franchisee and the KSCA.
It is learnt that I-T officials verified documents related to communication between the KSCA and the RCB at the Royal Challengers KSCA Academy precincts.
Top sources in the I-T Department told The Hindu that Wednesday's visit by I-T officials was not a raid but a ‘survey.'