Modi blamed for FEMA violations in IPL
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New Delhi: Under fire over allegations of foreign exchange violations in IPL, BCCI's top officials today blamed sacked Commissioner Lalit Modi for 'mistakes' as they told a Parliamentary panel that they had given approvals at his behest in 'good faith'.
BCCI President Shashank Manohar, Secretary N Srinivasan and IPL Chairman Chirayu Amin were quizzed by the Parliamentary Standing Committee on Finance for about two-and-a-half hours about the alleged FEMA violations.
The BCCI was asked about the funding pattern of the highly popular IPL and the methods adopted for payment to foreign and Indian players.
The Committee also sought details of the expenses incurred on the conduct of the second edition of the Twenty20 tournament in South Africa in 2009.
The IPL was held in the African nation in 2009 due to a clash of dates with the general elections in India.
Making a case of FEMA violation against the BCCI, the Committee said the Board had not taken permission from RBI and Income Tax Department for opening and operating foreign current account in South Africa.
It said opening and operating of the account through an explicit agreement with the Cricket South Africa (CSA) could be construed as FEMA violation as the operations of the account were controlled by BCCI.
Amin did not take questions from reporters after the hearing but sources say BCCI while replying to the queries said that it was not aware that by opening an account in South Africa it was actually indulging in FEMA violations.
They admitted that some mistakes were made, said a source.
Some of the officials are also believed to have told the Committee that certain transactions were done by Modi and they approved those in 'good faith', the source added.
The Committee also asked how much money was credited into the CSA account and who did it.
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