The Enforcement Directorate has issued notice to the Board of Control for Cricket in India, BCCI, to explain transfer and routing of funds to the tune of 1,600 crore rupees in the conduct of the second season of Indian Premier League. The notice has been issued under the provisions of the Foreign Exchange Management Act, regarding transfer of funds for IPL which was conducted in South Africa in 2009.AIR correspondent reports the notice has also been marked for former IPL Commissioner Lalit Modi.
News On AIR | November 29, 2011 11:30 AM
ED notice to BCCI on IPL 2009 fund transfer