I-T raids IPL owners

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Mumbai: On Wednesday as tax sleuths searched the offices of three companies linked to the Indian Premier League (IPL) and the premises of some franchisee owners.The officials also surveyed the premises of World Sport Group (WSG), MSM—formerly known as Sony Entertainment Television (SET)—and IMG, a sports marketing company, in Mumbai.

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(Income Tax officials' cars parked in front of the office of Cricket Association of Bengal at Eden Garden in Kolkata on Wednesday)

The gumshoes also dropped into the offices of the owners of three IPL teams—Deccan Chargers in Hyderabad, Chennai Super Kings in Chennai and Kolkata Knight Riders in Kolkata. To round off a busy day, I-T officials interrogated embattled IPL commissioner Lalit Modi, the second time in less than a week.

N Srinivasan, vice-chairman and managing director of India Cements, which owns the Chennai franchise, told ET: “We have nothing to hide, we are a public listed company and we have all the required documents to show to the I-T department.”

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Patel, Pawar involved in IPL row? PM seeks details


NEW DELHI: After Shashi Tharoor, Union Civil Aviation Minister Praful Patel is now facing the heat of IPL controversy as reports in the media indicate that Prime Minister Manmohan singh has sought details of his as well as Sharad Pawar's involvement in the IPL row.

The reports say that Finance Minister Pranab Mukherjee met the Prime Minster with details about Praful patel and his daughter Poorna’s alleged role helping Tharoor with the IPL Kochi franchise’s evaluation two days before they were made public.

Reports also say that the PM got the details of NCP leader Sharad Pawar's son-in-law Sadanand Sule's stake in an IPL broadcaster.

However, Pawar's daughter and Sule's wife Supriya has already denied any role of her husband in the IPL other than being an avid cricket follower.

A senior Congress leader, speaking on condition of anonymity, claimed the IPL controversy will actually lead to the NCP's ties with Congress getting more strengthened.

Meanwhile, BJP is seeking to fish in troubled waters with a senior leader, who asked not to be named, saying that the party's strategy was only to target the Congress as Sharad Pawar's party has eight members in the Lok Sabha and numbers will count
 

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Shahrukh in `trouble' over Kolkata Knight Riders deal

Shahrukh in `trouble' over Kolkata Knight Riders deal

Kolkata: Tax officials who conducted search operations at the offices of the Bengal Cricket Association and Shah Rukh Khan's Kolkata Knight Riders till the early hours of Thursday here claimed to have found "incriminating evidence" of irregularities.

"We have found incriminating evidence. We will investigate further. We needed to have a look at certain transactions and we've found whatever we were looking for," said Indian Revenue Service Deputy Director Akhilendu Jadhav.


The main angle that the sleuths of the Directorate of Income Tax Investigation were looking for on the probe into the Indian Premier League (IPL) franchises was the legality of money transfers from tax havens abroad, primarily Mauritius, officials explained.


This apart, officials of the Directorate of Enforcement were probing the legitimacy of transactions between the franchise and the state's cricket board, the officials added.


Searches at both the board's office at the Eden Gardens stadium and the premises of Kolkata Knight Riders and its parent Red Chillies Entertainment of actor Shah Rukh Khan at ITC Sonar Bangla and Shakespeare Sarani began at 3 p.m. Wednesday.


According to TV reports, the MoU between KKR and Bengal Cricket Association is missing.
 
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