Five questions Modi needs to answer

There is a chargesheet already issued to him Modi,by the IT department. There was a company in the UK by the name of Emerging Media IPL. The company was owned by a single individual Manoj Badale. The company was started four months before the bid. His bid was accepted. However,the agreement is signed with Jaipur IPL Jaipur IPL Cricket Private Limited. This is a company with only two stakeholders at the time the agreement was signed Castelinho and Bal Thakur.

Now,the bid is given by A and the document signed by B,who had nothing to do with the bid. Then,separate companies come in,registered in Mauritius. Modi made a statement that the entire world knows who the stakeholders in the franchises are. But even members of the governing council were not aware. As I said,in Rajasthan Royals,Jaipur IPL is the main company. The shares of these two persons are then sold and transferred to certain individuals and companies like Tresco and Blue Waters. Nobody knows what Blue Waters and Tresco are. I did not find in the shareholders register the names of Mr Raj Kundra and Shilpa Shetty,who claim to be the stakeholders.

There is a clause in the agreement,entered into with all the franchises,that if you transfer your shares,it has to be with the permission of the IPL and the board is entitled to 5 of the transaction amount as fees. Nothing of this sort has happened. So we are asking,if A gives the bid,how do you sign agreement with B? How does sic all these people get into this? None of us are aware and we dont know who these companies are.

In the case of Kings XI Punjab,when the bids were given,it was signed only by Preity Zinta. She said she will form a consortium with three people: Mohit Burman,one Karan Paul and one more. When the franchise agreement was signed by her,she did not have a single share in that company. The shares were transferred to her after signing the agreement. Then Gaurav Burman gets in and the rest of the things happen. Again the same logic should be applied: you need to have the consent of the IPL and the fee. But nothing happened.

Broadcasting rights

There are allegations that a facilitation fee was paid. But the board does not have the document. This deal happened between MSM Multi Screen Media Singapore and WSG Mauritius,so there is no reason why this document would be with the board. Since I dont have it,I dont see any reason why we should be aware of this. If you take Rajasthan Royals,people are saying there is benami proxy funding. If the funds are coming from Mauritius,or from Virgin Islands,I do not have any machinery to find out. Now the IT department and the ED are investigating; we became aware of it only when they gave us the notice.

We dont have the original documents of the Sony broadcasting deal. The income tax authorities are asking for it but all the documents of the execution are with Lalit Modi.

Rigging of franchise bids in 2010

There is no question of irregularities with regard to the two new franchises. Because of the bid conditions,which were unreasonable when the first tender was issued,the governing council decided to cancel it. As far as the two new bids are concerned,there is no irregularity as far as the board is concerned. There is a complaint from the Kochi franchise that they were arm-twisted by Modi to surrender their rights in favour of somebody else.

Internet Rights

Manohar wasnt asked anything on this.

Behavioural Pattern

Confidential information of the board leaked to the media. I have always maintained this: the board functions within the four walls. If you have to leak everything you might as well hold this meeting at the Oval.