Income Tax authorities on Thursday completed their survey operations at the offices of Indian Premier League franchises Pune Warriors and Royal Challengers Bangalore in the southern city as part of their probe into alleged tax evasion. I-T officials who were sent to collect documents and details of the transactions, share holding patterns and financial investments of the franchises yesterday, had finished their job and have also seized data from computers and other electronic peripherals.The I-T department is looking into the funding patterns for purchase of players by these franchises. The surveys were being conducted in the wake of Pune Warriors' player Mohnish Mishra's statement that he had got much more than his prescribed auction amount under the table as black money during a sting operation conducted by a news channel, which claimed to have exposed corruption in the IPL.
News On AIR | May 24, 2012 7:51 PM
IT authorities complete survey operations at IPL offices