Tax investigators began probing IPL accounts
IPL commissioner Lalit Modi is involved in a bitter fight to remain in charge of the IPL after Income tax investigators began probing the accounts of the BCCI and the Indian Premier League..
The investigators arrived at the BCCI offices at the Wankhede Stadium in Mumbai on Thursday morning to conduct a review of the financial details and share holding patterns of the leagues eight franchisees.
Modi confirmed the investigators had been at the Wankhede Stadium but he emphasised the offices hadnít been raided and the BCCI were helping with the enquiry.
The visit to the Wankhede Stadium was part of a "source probe" that is underway by the Union finance ministry who have started an investigation into the finances of the IPL and its franchises as the fall out from the weekends Twittergate continues.
The commissioner is now at the centre of the IPLís first scandal as more and more details emerge about Modiís control over the IPL.
Modi as been embroiled in scandal since announcing the details of the people involved with the Kochi franchise on the micro blogging website Twitter which as created the IPLís first scandal as more and more details emerge about Modiís control over the IPL.
His wifeís brother-in-law is co-owner of the Rajasthan Royals. Modiís step-daughter is married to the Burman family which co-owns the Kings XI Punjab while his close friends, the Moranis, bought into the Kolkata Knight Riders.
Details also emerged on Thursday about Modiís son-in-law Gaurav Burman and his involment with Elephant Capital who owns a 50% stake in Global Cricket Ventures, the new media company who owns the internet and mobile rights to the IPL and Champions League.