IPL 2009: ED slaps Rs 121 crore penalty on BCCI, others for violation of FEMA law

Agencies
June 1, 2018

Mumbai, Jun 1: The ED today slapped a penalty of over Rs 121 crore on the BCCI, its former boss N Srinivasan, former IPLcommissioner Lalit Modi and others for alleged violation of the FEMA law during the T-20 cricket IPL edition in 2009, officials said.

A special director of the central probe agency here levied a penalty of Rs 82.66 crore on the Board of Control for Cricket in India (BCCI), Rs 11.53 crore on its former chairman Srinivasan, Rs 10.65 crore on ex-IPL commissioner Modi, Rs 9.72 crore on former BCCI treasurer M P Pandove and Rs 7 crore on the State Bank of Travancore (now merged with the SBI).

The total penalty amount was Rs 121.56 crore, they said.

The ED was investigating the case for the alleged contravention of the Foreign Exchange Act (FEMA) in transferring over Rs 243 crore out of the country to host the 2009 Indian Premier League edition in South Africa.

The FEMA order stated that this transfer of funds was in alleged violation of the RBI guidelines meant for transferring funds abroad.

The order asked the accused to deposit the fine amount in the government exchequer within 45 days time.

The T-20 IPL cricket tournament, that began in 2008, saw its 11th edition wrapping up recently.

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News Network
February 29,2020

Melbourne, Feb 29: India skipper Harmanpreet Kaur on Saturday said the team management has given Shafali Verma the freedom to play her natural game, which has set the Women's T20 World Cup ablaze.

The 16-year-old announced her emergence on the global stage by becoming the second highest run getter in the ongoing tournament. She has so far scored 161 runs, hitting 18 fours and nine sixes in four matches at an astounding strike rate of 161.

On Saturday, Shafali hit a 34-ball 47 to steer India to a seven-wicket victory over Sri Lanka after spinner Radha Yadav produced a career-best 4/23.

"Shafali is someone who loves to play big shots, and we don't want to stop her. She should continue doing the same and she should continue enjoying her game," Harmanpreet said after the match.

India entered the semifinals with an all-win record as they led Group A with eight points from four games and the captain insisted it is important to continue the winning momentum.

"It's really important to keep the momentum when you are winning games. You really work hard, so you can't afford to lose that momentum. You can't bowl same pace and lengths on these wickets, so you need to keep rotating the bowlers."

"Today I tried to be positive and got a few boundaries. In the upcoming games I'll try to give my best," Harmanpreet said.

Meanwhile, Sri Lanka skipper Chamari Atapattu rued the reprieves given by her side to Shafali in the form of two dropped catches.

"I think that score was not enough, we lost couple of chances, specially Shafali, it was hard to stop her," she said.

"Yeah, I got a good start but unfortunately got out in the 10th, would have wanted to stay in there till the 16th or the 17th over. I hope we can beat Bangladesh in our last game," she added.

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Agencies
March 26,2020

Karachi, Mar 26: Pakistan's centrally-contracted cricketers will contribute Rs 5 million to the national government's emergency fund to combat the COVID-19 pandemic.

Pakistan Cricket Board Chairman Ehsan Mani on Wednesday said apart from centrally-contracted players contributing Rs 5 million, the employees in the board, up to the senior manager level, will contribute their one day's salary.

Those employed as general managers or on higher posts will give two days' salary to the fund.

"The PCB will collect all these funds and deposit it to the government's coronavirus fund," he said.

Pakistan has recorded more than 1,000 positive cases of the deadly virus, which has claimed more than 19,000 lives all over the world.

"It is the history of the cricket board that we always stand by the government in difficult times," Mani said.

The PCB has already given its high performances centre in Karachi at the national stadium to be used by paramedical staff working at the special coronavirus hospital set up at the expo centre in the in the city.

Mani said though cricket has been disrupted by the virus outbreak but it was far more important for the nation to stand by the government and also take all precautionary steps during the pandemic.

Pakistan's centrally-contracted players are entitled to monthly salaries ranging from Rs 5 to 12 lakh besides match fee and other earnings.

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News Network
January 30,2020

Hamilton, Jan 30: Caught unaware about the Super Over scenario, Rohit Sharma took five minutes to “find” his abdomen guard after the third T20 International against New Zealand had ended in a tie on Wednesday.

The India vice-captain said the team had almost given up with New Zealand going great guns at one point.

“Everything was packed. All my stuff was inside my bag. I had to get it out. It literally took me five minutes to find my abdomen guard because I didn’t know where it was,” Rohit said.

“I mean we never thought it would go to the Super Over, the way they were batting at one point. It looked like they could easily win the game,” he added.

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