Monday, April 26, 2010

Lalit Modi Exodus

BCCI President Shashank Manohar said Modi would be charged on five counts - shady initial bids of Rajasthan Royals and Kings XI Punjab second of some important documents were missing from the Board and IPL offices.Further suspect broadcast deal with Sony, and finally bid rigging of two new franchises this year and his behavioral pattern.Lalit Kumar Modi Chairman IPL is suspended from all posts,BCCI VP, member of the marketing committee, fixture committee, all the board activities,” Manohar said.

Shashank Manohar said the Governing Council members do not know about Rajasthan Royals owners Shilpa Shetty Raj Kundra and their names not in stakeholders list,” Manohar said if Modi manages to convince the Board of his innocence in his reply, the inquiry proceedings against him would be dropped.Next IPL’s planning to be taken care of by former captains,Governing Council members Sunil Gavaskar, Ravi Shastri and M A K Pataudi.Many documents are missing from the IPL and BCCI offices,ITax depart has been asking for them but we don't have them Manohar said.
Trio will decide the modalities of holding three foreign and four Indian players after discussing with the franchises,”Governing Council of BCCI suspends Lalit K Modi and appoints new Interim Chairman Chirayu Amin GC meet is on way.

Indian Premier League, money spinner for the BCCI within three years of its inception its barin child the controversial and high-profile Lalit Modi on Sunday night suspended as IPL Commissioner for alleged "individual misdemeanours" capping fortnight-long dramatic developments that opened a can of worms in the administration of the popular cricket league.

BCCI sent the suspension letter via email after the IPL final and the presentation ceremony were over just after Sunday midnight.On a day of fast-paced developments, the BCCI acted swiftly to suspend him giving 15 days time to explain why disciplinary action should not be taken against him after he made a surprise announcement that he would participate and chair
the meeting of the IPL's Governing Council on Monday morning.

Lalit Modi has said the IPL is clean and is ready to give answer to all allegation of the BCCI.NDTV tweets BCCI suspends Lalit Modi. BCCI sends suspension order & chargesheet via email. Chargesheet on Modi's misdemeanors. Lalit K Modi tweeted," As normal practice after GC we will schedule a Press conferance at noon tomorrow.I will attend and chair the meeting of the GC as chairman and commissioner. I have Issued the agenda to the Gc.Wait for the ipl to finish - I will reveal the men who have tried to bring disrepute to the game and how we stopped them from doing it.People pressurising me to resign - I can tell you will not happen. Let them remove me then.What we have done has been there for all of you to see for thge past 4 years. No one can take that away.Media putting stories without verification goes to show how Media can misuse there power. Don't get influnced by all these baseless stories"

Controversy's favourite child commended and condemned in equal measure, IPL chief Lalit Modi rose meteorically but his fall was no less spectacular as he was booted out of the very empire he created.The man, who became the youngest BCCI vice President in 2005, was known for his brash style of functioning that often rubbed people the wrong way and probably hastened his fall once damning revelations of financial irregularities in the IPL came to fore.The 46-year-old was just another businessman before becoming arguably the most influential authority in Indian cricket with his brain child, the Indian Premier League, that became a cash cow for the BCCI within three years of its inception.

But one look at his past before he became the all-powerful IPL Chairman and Commissioner is enough to know that Modi led an eventful life.BCCI's top brass is holding hectic consultations ahead of the crucial IPL Governing Council meeting on Monday to decide the fate of IPL Commissioner Lalit Modi. There is intense speculation that Modi is set to be sacked in the meeting as council members and the BCCI are upset with the income tax mess that the IPL finds itself.

The cricket board held yet another round of discussions in Mumbai on Sunday in which BCCI President Shashank Manohar, secretary N Srinivasan, Chief Administrative Officer Ratnakar Shetty and IPL vice-chairman Niranjan Shah participated. This is the second meeting of the board since Saturday.

The Prime Minister Dr. Manmohan Singh was also briefed by the Vice president Rajiv Shukla on the alleged scam earlier this week. He also briefed the finance and home minister and the congress core group also held discussions on the subject.The Income Tax raids on IPL and its franchisees' offices have allegedly revealed murky financial deals involving Lalit Modi. Reports say Lalit Modi is contemplating to quit as chairman and commissioner of the Indian Premier League (IPL), but only after he has had his say at the Governing Council meeting.

An internecine war broke out in the Indian cricket board as its chief Shashank Manohar and vice-president Modi haggled over the date of the Governing Council meeting, even as income-tax officials continued searches of offices and interrogation of the franchisees in various cities.

Lalit Modi has accused his chief and other members of the Governing Council of preventing him from disclosing the stake holdings of all the eight franchisees on the plea that it would lead to legal complications.The all-out war broke out after Modi took Manohar to task for not allowing him to release the stake holdings of all franchisees after his tweet on the Kochi holdings invited questions over others.

Former minister of state for external affairs Shahsi Tharoor had to resign from the government after his name cropped into the controversy. The opposition stalled the proceedings in the two houses of parliament seeking a JPC to look into the issue.Indian Government is to answer accusations today that it tapped ministers' phones, including one involved in a growing money-laundering scandal surrounding the Indian Premier League cricket tournament.

They have also sought resignation of two other ministers Sharad Pawar and Praful Patel from the union council of ministers for their alleged role in the IPL scam. The ruling congress is believed have authorized the prime minister to take a decision on the opposition demand of JPC.AIR reports of discrimanting documents seiged of fiscal misadevture of Rajiv Shukhla.

AIR Correspondent reports, after a seven-hour long marathon meeting held on Saturday, BCCI's top brass once again held close-door high level talks at board headquarters in Mumbai on Saturday to fine tune strategy ahead of the IPL Governing Council meeting to be held on Monday,barely 24 hours are remaining for the crucial IPL Governing Council meeting which will decide the fate of Lalit Modi as IPL Chairman and Commissioner.Details of the agenda of the meeting have not been officially disclosed yet, but sources said, the meeting, which is in process, is being held to study modalities to pass resolution against IPL chief. Lalit Modi has been suspended before IPL governing meet and twenty two allegations of fiscal irregularities and discipline have been labelled against Modi and he has been given fifteen days notice to explain.

Barkha Dutt tweets Modi has a lot to answer for, but think he raises a fair point about collective responsibility, was the BCCI in slumber all these years? Barkha Dutt further adds,"am told the chargesheet against modi has 22 allegations. And the BCCI will obviously be no hurry to hear modi's responses to them."

Media sources said BCCI is examining provisions to remove Modi as IPL chief.According to the sources, BCCI has asked Modi to quit his post. However, defiant Modi is likely to boycott the governing council meet.BCCI President Shashank Manohar, secretary N Srinivasan, Chief Administrative Officer Ratnakar Shetty, IPL vice-chairman Niranjan Shah and BCCI vice - President Arun Jaitely are present in the strategic meet at the headquarters.

Yogendra Yadav projections for Gujarat Scenario 1 to 3 ON  DECEMBER 14, 2017  BY  NARESH SAGAR LEAVE A COMMENT EDIT Probabilities...