Ridicules Board's second show-cause notice
MUMBAI/KOLKATA: Suspended IPL Commissioner Lalit Modi on Saturday handed over to the Board of Control for Cricket in India all relevant documents relating to the League demanded by the BCCI, said sources close to him.
The documents, original as well as notarised copies, included all franchisee agreements, global media rights agreements, global media rights packages, bid documents, media rights licensee agreements, eligibility letters of all bidders with details and all sponsorship agreements entered into by the IPL, the sources said.
The documents were handed over to BCCI CAO Ratnakar Shetty by Mr. Modi's lawyer, Mehmood M Abdi, the sources added.
All these documents had been missing from the BCCI office. Professor Shetty, who was entrusted by the Indian Premier League governing council, at its April 26 meeting, with collecting them, acknowledged receipt of the documents. Of these, one set was retained by Mr. Modi's counsel for his records, the sources said.
When contacted, Professor Shetty said: “Some more documents are to come, which, we have been told, would be delivered in a day or two.”
Mr. Modi was placed under suspension, soon after the finals of IPL-III, by the BCCI. It had levelled charges against him of financial irregularities and bid rigging in conducting the tournament. The deadline for him to reply to these charges is May 10.
Meanwhile, Mr. Modi, who is in Delhi to consult his lawyers on a reply to the first show-cause notice, said he would personally hand over his response to the accusations on Monday.
Earlier in the day, he ridiculed the BCCI's second show-cause notice for allegedly planning a ‘rebel' Twenty20 league in England, saying it had become part of life for him to be treated as “public enemy number one” by the Board.
In another development, the Ministry of Company Affairs (MCA) has sent notices to all IPL franchisees, both old and new, asking them to furnish detailed information.
“We are waiting for them to reply,” MCA secretary R. Bandyopadhyay said in Kolkata on the sidelines of an interactive session with members of the Bengal National Chamber of Commerce and Industry.
A period of 45 days is allowed for the companies to reply, but extensions are given in the normal course.
Inspection, not probe
Mr. Bandyopadhyay said this was not an investigation but “a sort of inspection” with notices being sent to get more details than what was filed with the Registrar of Companies (RoC). “Only if we find some discrepancies or violation in our analysis under company law, will there be a deeper investigation of the franchisees.”
All inspections and investigations were restricted to corporate details. “We cannot investigate benami or money laundering. We cannot inspect the IPL and BCCI as they are not companies,” he said.
The RoC is likely to collect within a week all details on IPL franchises, including the bidding process, sweat equity, the Memorandum of Association and also the franchise agreement. — PTI