TAX OFFICIALS FIND EVIDENCE AGAINST SHAH RUKH KHAN'S KOLKATA KNIGHT RIDERS
and/or www.mantra.com/jai
IANS
The Pioneer
Thursday, April 22, 2010
Kolkata - Tax officials who conducted search operations at the
offices of the Bengal Cricket Association and Shah Rukh Khan's
Kolkata Knight Riders till the early hours of Thursday here claimed
to have found "incriminating evidence" of irregularities.
"We have found incriminating evidence. We will investigate further.
We needed to have a look at certain transactions and we've found
whatever we were looking for," said Indian Revenue Service Deputy
Director Akhilendu Jadhav.
The main angle that the sleuths of the Directorate of Income Tax
Investigation were looking for on the probe into the Indian Premier
League (IPL) franchises was the legality of money transfers from tax
havens abroad, primarily Mauritius, officials explained.
This apart, officials of the Directorate of Enforcement were probing
the legitimacy of transactions between the franchise and the state's
cricket board, the officials added.
Searches at both the board's office at the Eden Gardens stadium and
the premises of Kolkata Knight Riders and its parent Red Chillies
Entertainment of actor Shah Rukh Khan at ITC Sonar Bangla and
Shakespeare Sarani began at 3 p.m. Wednesday.
The federal revenue department had Wednesday broadened the probe into
the financial deals of IPL, even conducting search operations on
three of its event management and broadcast firms in Mumbai, apart
from the franchises.
The 10 franchises under scrutiny are Kochi's Rendezvous Sports,
Pune's Sahara group, Mumbai Indians, Delhi Daredevils, Kolkata Knight
Riders, Royal Challengers Bangalore, Deccan Chargers, Chennai Super
Kings, Rajasthan Royals and Kings XI Punjab.
No misconduct by Srinivasan on Chennai IPL franchise: Manohar
Board of Control for Cricket in India (BCCI) President Shashank
Manohar Thursday rubbished charges of impropriety by its secretary N.
Srinivasan, whose India Cements owns the Chennai franchise of Indian
Premier League (IPL).
As charges both by IPL Commissioner Lalit K. Modi and those in the
opposing camp of the cricket administration flew thick and fast,
Manohar said Srinivasan's role in securing the franchise for Chennai
Super Kings was above board.
Maintaining that then BCCI president and Agriculture Minister Sharad
Pawar had given an okay to India Cements to bid for IPL, Manohar also
slammed the IPL commissioner for not declaring to the governing
council that his own relatives were part owners of IPL teams.
"It is not that Mr. Srinivasan is bidding. It is India Cements
company which is bidding and it is a public limited company," Manohar
told reporters at the headquarters of the board here, with the India
Cements vice chairman and managing director by his side.
"It is most unfair to say Mr. Srinivasan was a declared bidder. If
Mr. Modi and his other relatives had a share in any of the
franchises, he ought to have declared it at the meeting," the BCCI
chief maintained.
Referring to the meeting of the governing council of IPL scheduled
April 26 in the wake of charges of financial irregularities by the
league and its franchises, Manohar said there was no misconduct on
the part of Srinivasan in convening it.
"He (Srinivasan) is not calling the meeting as the owner of a team.
Under the board constitution, the secretary is the convenor of all
meetings. Even today I don't convene a meeting, being the board
president," he said.
"Whether he (Srinivasan) has a conflict of interest is not an issue
because Srinivasan, when the issue came up, had sought permission
from Mr. Pawar who was then president of this board. Mr. Pawar
granted him permission to bid."
Modi had questioned the legality of the scheduled governing council
meeting Wednesday and said only he had the powers to convene the
same.
Manohar also sought to clear his name from another controversy over
the gag orders on Modi to refrain from revealing the names of IPL
franchises, claiming there was a confidentiality clause they were
bound by.
On the contrary, the BCCI president said, the IPL commissioner was
curiously selective in leaking the names of one of the franchises --
a leak that resulted in the resignation of Shashi Tharoor as minister
of state for external affairs.
He said he had asked Modi to keep quiet, since one of the franchises
had said there was a confidentiality clause in not revealing the
names of its owners and accordingly wanted to discuss the issue at
the governing council meeting.
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