BCCI’s Arun Jaitley panel had indicted Lalit Modi for favouring Adani

Adani Group has been a long-time commercial partner of GCA, that was headed by PM Narendra Modi in 2010.

Written by Bharat Sundaresan | Mumbai | Updated: June 19, 2015 9:13 am

A Disciplinary Committee Report submitted to the BCCI by Arun Jaitley had found Lalit Modi guilty of having indulged in ‘bid-rigging’ by favouring two specific parties, Adani Group and Videocon, during the IPL franchise bidding process in 2010.

The Adani Group has been a long-time commercial partner of Gujarat Cricket Association (GCA), that was headed by Prime Minister Narendra Modi in 2010. Modi was replaced as GCA president by Amit Shah in 2014.

The panel found that the then IPL chairman introduced two ‘unreasonable and onerous’ clauses in the final draft of the Invitation to Tender (ITT) without the knowledge or approval of the IPL Governing Council (GC) in a deliberate attempt to restrict the number of bidders.

The two contentious clauses that were not part of the original draft approved by the GC — according to the report — called for the bidder to have ‘a net worth of US$ 1 billion’ and ‘to give a bank guarantee of Rs 460 crore’.

As it turned out only two bids were received, and upon receiving complaints from other aggrieved parties — Sahara and Dainik Jagran — the BCCI decided to scrap the tender. Jaitley was BCCI vice-president when the report was submitted and the others in the committee included Jyotiraditya Scindia and Chirayu Amin.

“While incorporating such conditions, Modi did not seek the approval of the Governing Council . The object of such unreasonable conditions was to exclude healthy competition and favour two bidders which is evident from the fact that only two bids were received pursuant to the ITT,” the report said.

In his defence, Lalit Modi backed the net worth clause by insisting that since franchises become ‘cash positive’ only in the eighth year it was crucial that they had ‘deep pockets’. “The condition of bank guarantee is sought to be justified on the ground that it ensured the stability of the IPL,” the report said.

While admitting that he had inserted the clauses, Modi claimed he had received an oral approval from then BCCI president Shashank Manohar for the two conditions. But the report concludes that “Modi had only informed the President about the changes and he did not read the onerous clauses.”

The Adani Group and Videocon didn’t respond when asked about the bid rigging.

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  1. B
    Bijan Mohanty
    Jun 20, 2015 at 8:58 am
    Adani and Videocon be probed.
    1. B
      Jun 19, 2015 at 8:55 am
      Adani is the mastermind of Mr PM. Hes directly involved,. did deeper then you will find the truth.
      1. J
        Jun 19, 2015 at 1:34 pm
        Well there should be no problem if this was done on basis of sound business practice. Surely this was prudence then any thing else. Question of fit and proper person for the said franchises would have had to be addressed. There is lot of politics being pla in BCCI. Most elected officials have no connection with the game of cricket. As you can see most of them are elderly and they have not pla the game. Lalit at least is young and brought opportunity for our young players to come to national stage and show their skills . All these politicians are only interested in getting publicity for themselves. None of these could have organised and established IPL as was done by Lalit.He is being hounded by these sharks as they want to grab IPL and money it generates for themselves. Most of these goons are of UPA .It is time they are exposed.
        1. M
          Jun 19, 2015 at 1:39 pm
          The ideologically bankrupt Cong party does not have anything to showcase as their own for the coming Bihar polls. So they kick started with negative campaigning
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