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Tuesday, July 17, 2018

Lalit Modi’s writ ran unchallenged till IPL 3: Ravi Shastri

Lalit Modi’s writ ran unchallenged till IPL 3, Shastri told ED investigators.

Written by Sagnik Chowdhury | New Delhi | Updated: June 24, 2015 10:13:06 am
Lalit Modi, Ravi Shastri, foreign exchange violations, Lalit modi row, lalit modi controversy, lalit modi ipl controversy, ipl lalit modi controversy, india news, nation news Ravi Shastri

While former IPL Commissioner Lalit Modi has claimed that the Enforcement Directorate’s (ED) allegations of foreign exchange violations “reflect collective responsibilities rather than personal responsibilities,” BCCI Governing Council member and current India Team Director Ravi Shastri has told the ED that Modi’s decisions were approved in Governing Council meetings with “hardly any discussion” during the first three seasons of the Indian Premier League (IPL). Modi had the final say in all matters till IPL 3, Shastri told the ED.

As part of its probe into suspected foreign exchange violations by BCCI in accepting Rs 20 crore as performance deposit from Emerging Media (IPL) (UK) Ltd, the ED had asked Shastri about the decision making procedure in the Governing Council.

As per a show cause notice (SCN) issued by the ED to Modi and top BCCI office bearers, in a statement recorded under Section 37 of the Foreign Exchange Management Act (FEMA) on August 5, 2011, Shastri had stated : “The major decisions were taken by Lalit Modi since he was the Chairman of the IPL. He (Shastri) can say that there was hardly any discussion regarding the decisions taken by Modi and generally his decisions were ratified by the Governing Council.”

The ED’s SCN claims that Shastri also stated, “Till IPL 3 there was hardly any discussion in the meetings of the Governing Council and the decisions taken by Lalit Modi were approved in the meeting.”

“Generally the decisions were communicated in the minutes of the meetings or in the subsequent meeting of the Governing Council. After IPL 3, decisions are taken after thorough inspection in the Governing Council,” Shastri stated, as per the SCN. “(Shastri) doesn’t remember any objection raised by any member in respect of any major decision taken by Modi,” it added.

When asked about the issue of payment of performance deposits discussed in the Governing Council meetings, Shastri stated that, “Till IPL 3, Lalit Modi had the final say in all the matters.”

In their replies to multiple SCNs issued by the ED, Modi’s lawyers have claimed there are no personal allegations against him, and that the “allegations reflect collective responsibilities rather than personal responsibilities.” He also placed the responsibility of financial transactions conducted by the cricket board on the then BCCI Secretary, N Srinivasan and the BCCI Treasurer, M P Pandove.

“Srinivisan was at the fulcrum of the entire financial dealings of IPL,” one of Modi’s replies states.

According to an SCN issued by ED, in a statement recorded under FEMA on July 7 and 8, 2010, Srinivasan, then BCCI Treasurer, claimed, “The entire responsibility and management of player contract, agreement with player and all such details were handled solely by Mr. Lalit Modi and IMG.”

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