Cricket bosses probed over IPL TV rights fee
DetailsRebecca Hawkes | 18 February 2015
India's financial police department is investigating the chairman of the International Cricket Council Narayanaswami Srinivasan, along with disgraced former Indian Premier League (IPL) chief Lalit Modi, over an alleged US$69 million 'facilitation fee' paid over IPL broadcasting rights in 2009.
'Show cause notices' have been issued – over an alleged breach of foreign currency regulations – to ICC boss Narayanaswami Srinivasan, founder of the IPL Lalit Modi, the governing body of cricket in India the BCCI, and foreign media companies, the Enforcement Directorate has said.
Some of the US$69 million fee was allegedly illegally siphoned off to unknown individuals, according to media reports.
Multi Screen Media (MSM), operator of Sony Entertainment in India, is alleged to have paid the fee to the Mauritius arm of World Sports Group (WSG) as part of a contract for taking over the broadcast rights of the IPL Twenty20 cricket tournament, which is overseen by the BCCI.
Srinivasan was a senior member of the BCCI at the time of the allegations. Modi was IPL head until 2010, when he was removed and later banned for life for holding any positions in the sport due to separate corruption allegations.