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SBD Global/September 23, 2013/Leagues and Governing Bodies

BCCI Says All Payments To Cricket South Africa During '09 IPL Were Legitimate

The Board of Control for Cricket in India on Saturday "refuted allegations that it violated India’s foreign exchange regulations" during the 2009 Indian Premier League in South Africa, insisting that all the payments were "bona fide and legitimate," according to the PTI. Reacting to a media report which stated that "the BCCI had been issued a notice by the Enforcement Directorate for contravening FEMA by remitting Rs 283 crore ($45M) to Cricket South Africa and paying IMG Rs 88.48 crore ($14.2) for services in the conduct of the IPL," the Board stated the "violation of Rs 1600 crores ($257M) mentioned in the report is misleading." BCCI Secretary Sanjay Patel said, "The BCCI wishes to clarify that these show cause notices were issued in July 2011 and October 2011 and that the BCCI has given detailed replies refuting the charges" (PTI, 9/21).
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