Taxman 'raids' IPL offices

2010-04-15 18:53
IPL commissioner Lalat Modi (File)
India - Income tax investigators began probing the accounts of the Indian cricket board and the Indian Premier League on Thursday.

IPL commissioner Lalat Modi confirmed the investigators were at the cricket board and IPL offices at Wankhede Stadium.

"It is only an enquiry, not a raid," Modi said. "We will extend all possible cooperation to them."

Press Trust of India reported that Modi rushed to the cricket board headquarters after after income tax officials came to check the accounts.

The Indian cricket board is the richest cricket organisation in the world. It enjoys exemption from paying income tax, like other sports bodies. In recent years the tax department has sought to take away the exemption.

The IPL has been involved in an argument featuring Modi and a junior federal minister following the winning bid by a southern Indian city to join the league.

Read more on:    ipl


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