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Cant blame all IPL lapses on Modi, admits BCCI secretary Srinivasan

MUMBAI: BCCI secretary N Srinivasan has admitted before Parliaments Standing Committee on finance that the Indian board needed to own up for financial irregularities in the Indian Premier League (IPL). Srinivasan said the BCCI could not claim exoneration simply by claiming that suspended IPL chairman Lalit Modi was running the show. The BCCI had previously put the onus on Modi when it came to explaining lapses in expenditure during the first three editions of the IPL, maintaining that other senior officials had no idea of wrongdoings since Modi was given a free hand. The change in the BCCIs stance is revealed in a report of the Standing Committee. The committee, of which former finance minister Yashwant Sinha is chairman, stated in its report that BCCI president Shashank Manohar - when closely questioned by the committee - admitted that the cheques were signed not by Modi but by Srinivasan, who was the BCCI treasurer, and subsequently by M P Pandove, who replaced Srinivasan. The report - a copy of which is with TOI - has Srinivasan stating on record: We were taken for a ride. I know we cannot plead before you that we did not know all this was happening. Your question would be, were you not vigilant? What did you do? I am sorry, sir, there is no defence for me. No defence in front of you. So, I am not pleading that at all. We just put our heads down. The committee report revealed that there had been serious irregularities in awarding media rights and commercial contracts, and that the board flouted rules and norms with impunity.

                                                                                                               
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