Wednesday, June 23, 2010

The charges against Lalit Modi

After the IPL administering lath meeting, BCCI admiral Shashank Manohar was busy in his account of the accuse adjoin Lalit Modi, which accountable him to append the league's chairman. The allegations complex the bids for Rajasthan Royals and Kings XI Punjab, the broadcasting accord and the appear abetment fee, accouterment of bids for new franchises in 2010, the auction of internet rights, and Modi's behaviour. Here is the extract from Manohar's columnist conference.

Shashank Manohar at a columnist appointment afterwards the IPL administering lath meeting, Mumbai, April 26, 2010

Shashank Manohar explained some of the accuse adjoin Lalit Modi © AFP

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In Focus: The IPL Mess

Players/Officials: Shashank Manohar | Lalit Modi

Series/Tournaments: Indian Premier League

Teams: India

Initial bids for Rajasthan Royals and Kings XI Punjab: "There is a accusation area already issued to him [Modi, by the IT department]. There was a aggregation based in the UK by the name of Emerging Media IPL. The aggregation was endemic by a alone individual - Manoj Badale. The aggregation was started four months beforehand to the bid. His bid was accepted. However the acceding is active with Jaipur IPL [Jaipur IPL Cricket Private Limited]. There is an absorbing actuality to be noted: this is a aggregation wherein there were alone two stakeholders at the time the acceding was signed. The two stakeholders were one Mr Castelinho and Bal Thakur.

"Now the bid is accustomed by A, the certificate active by B, who had annihilation to do with the bid. Then, abstracted companies accept appear in, who accept registered in Mauritius. Mr Modi fabricated a account that the absolute apple knows [who the stakeholders] in the franchises are. But even the associates of the administering lath were not aware. As I said, in the Rajasthan Royal franchise, Jaipur IPL is the capital company. The shares of these two bodies are afresh awash and transferred to assertive individuals and assertive companies like Tresco and Blue Waters. Nobody knows what Blue Waters and Tresco is. Now, I did not acquisition in the shareholders' annals the names of Mr Raj Kundra and Shilpa Shetty, who affirmation to be the stakeholders.

"There is a article in the agreement, which is entered into with all the franchises, that in case you alteration your shares, the alteration has to be fabricated with the permission of the IPL and the lath is advantaged to accept 5% of the bulk of the transaction as their fees. Now annihilation of this [sort] has happened. So we are allurement an explanation, if A gives the bid, how do you assurance acceding with B? How does (sic) all these humans get into this? None of us are acquainted and we don't apperceive who these companies are."

Kings XI Punjab: "When the bids were given, it was active alone by Preity Zinta. She said she will anatomy a bunch with three people: Mohit Burman, one Mr Karan Paul and one added name. If the authorization acceding was active by her, she did not accept a alone allotment in that company. The shares were transferred to her afterwards the signing of the agreement. Afresh Mr Gaurav Burman gets in and the blow (of the things happen). Afresh the aforementioned argumentation should be applied: you allegation to accept the accord of the IPL and the fee. But already afresh annihilation happened."

Broadcasting rights: "For example, there is an accusation that a abetment fee was paid. But the lath does not accept the document. Now, this accord happened amid MSM (Multi Screen Media) Singapore and WSG Mauritius, so there is no acumen why this certificate would be present with the board. So back I don't accept this certificate with me, I don't see any acumen why we should be acquainted of this. Now, if you yield Rajasthan Royals, humans are adage there is benami (proxy) allotment in the franchise. So if the funds are advancing from Mauritius, or if the funds are advancing from Virgin Islands, I do not accept any accouterment to acquisition out area the funds are advancing from. So I cannot see whose funds are advancing from where. Now Assets Tax (department) and Enforcement Directorate are investigating these affairs and, if they gave us the notice, alone afresh we became acquainted of it.

"The aboriginal certificate of the Sony broadcasting deal, we don't accept in our possession. The assets tax authorities are allurement for it, but we can't accumulation it because we don't accept it. All the abstracts of the beheading are with Lalit Modi."

Rigging of authorization bids in 2010: "There is no catechism of irregularities with attention to the two new franchises. Because of the bid conditions, which were absurd if the aboriginal breakable was issued, the administering lath took a accommodation to cancel. As far as the two new bids are concerned, there is no abnormality as far as the lath is concerned. There is a complaint fabricated by the Kochi authorization that they were arm askance by Modi to abandonment their rights in favour of somebody else."

Internet Rights: (This was the alone accusation which Manohar was not asked about, and he did not abide on its details.)

Behaviorial Pattern: "[This relates to] arcane advice of the lath getting leaked to the media. I accept consistently maintained this: the lath functions aural the four walls of this architecture (Cricket Centire, BCCI headquarters). If you accept to aperture aggregate to the media afresh you ability as able-bodied authority this affair at the Oval arena (Churchgate)."

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