MUMBAI (Reuters) ? The Board of Control for Cricket in India (BCCI) is under investigation for violating the country's foreign exchange laws, Sports Minister Ajay Maken said on Tuesday.
The government was looking into alleged violations of the Foreign Exchange Management Act amounting to some 10.77 billion rupees ($206.7 million), Maken told parliament.
He said the investigation covered the ownership of franchises and fund transfers without the permission of the Reserve Bank of India (RBI) and income tax department during the 2009 Indian Premier League held in South Africa.
The board moved the 2009 edition of the Twenty20 tournament out of India due to lack of security cover during general elections in the country.
Board chief administrative officer Ratnakar Shetty said the body had yet to receive any official communication about the investigation.
(Reporting by Sudipto Ganguly; editing by Clare Fallon; to query or comment on this story, email sportsfeedback@thomsonreuters.com)
online black friday deals radio shack ravens nfl scores nfl scores college football scores arkansas razorbacks
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.