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March 20, Tuesday 2018 9:24 PM       

       HEADLINES: C K Vineeth and Ian Hume unhappy about changing venue of India Vs WI ODI                                              Something fishy about KCA's decision to shift one-day match to Kochi: Tharoor                                              It is not birds but vultures who are striking at Keezhattur: G Sudhakaran                                              Missing foreign woman: Relatives announces reward                                              T R Chandradath passes away                                              Sasikala granted 15-day bail for husband's funeral                                              I had been saying all 39 others were dead: Lone survivor Harjit Masih                                              Can’t declare anyone as dead without proof: Sushma Swaraj                                              Altaf Hussain vows to transform Pak into true welfare state                                              Is Facebook's security chief leaving after clash over Russian disinformation?                                              Trump plans to hit China with $60 bn in annual tariffs                                              China's Belt and Road Initiative heightens debt risks in 8 countries                                              White House bans Venezuela's digital currency                                              Cricket betting racket busted, 4 held                                              ICC WC Qualifiers: Samuels guides Windies to thumping win over Zimbabwe                                              BCCI confirms Shami stayed in Dubai hotel for 2 days                                              Kaumudi Facebook
       INDIA Next Article: Ambedkar's statue defaced in Chennai  
       FEMA violation: ED cross-examines ex- IPL chief
         Posted on :18:03:04 Mar 8, 2018
       Last edited on:18:03:04 Mar 8, 2018
         Tags: FEMA violation: ED cross-examines ex- IPL chi
New Delhi: Former Indian Premier League (IPL) commissioner Chirayu Amin on Thursday appeared before the Special Director, Enforcement Directorate(ED), Mumbai for cross examination by former IPL chairman Lalit Modi lawyers in an alleged case of violation of the Foreign Exchange Management Act (FEMA).
During questioning, Amin said he was not aware of any financial decisions made by Modi.
Amin assumed the post of IPL chief immediately upon suspension of Modi on April 26, 2010 for being accused of financial irregularities.
"The decision to shift the IPL was authorised by Shashank Manohar, the then BCCI President, and necessary RBI permissions for transfer of funds to overseas entity named Cricket South Africa (CSA) and other procedural processes were to be complied with by the Secretary and Treasurer of BCCI," said Mehmood Abdi, counsellor of Modi, in an official statement.
Last month, the Bombay High Court accepted Modi's plea to cross-examine the top officials of the Board of Control for Cricket in India (BCCI) who were in power in 2009.
On July 20, 2011, the ED had issued show cause notices to Modi and the BCCI under provisions of FEMA regarding the alleged transfer of a sum of Rs 243.45 crores to Cricket South Africa without prior permission of the RBI ahead of an IPL tournament in 2009.
The ED was subsequently allowed by the HC to summon several former BCCI officials, including then president Shashank Manohar and then secretary N Srinivasan, as witnesses in the matter.
The cross-examination of the concerned witnesses is scheduled to take place between March 1 and March 13.
The cross-examination will take place before Special Director, ED, who is the Adjudicating Authority under directions of the Bombay HC.
Next Article: Ambedkar's statue defaced in Chennai
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Banchhada, community that celebrates birth of girls, but sadly for flesh trade  
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Can there be conspiracy behind the move to shift India-West Indies one-day cricket match from Thiruvananthapuram to Kochi?
No opinion
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