Home > Uncategorized > IPL:Indian Paise Loot

IPL:Indian Paise Loot

IPL is currently worth about Rs 20,000 crore.Actually, such is the money involved that during the league’s last burst of expansion the auction figures were quoted in US dollars: Rendezvous, a consortium which surprised everyone (including the organisers) by winning the right to start a team in Kochi, quoted $333.33 million; they beat out Gautam Adani’s group, which had bid $315 million for a franchise in Ahmedabad.

Ahmedabad is probably the second biggest betting centre in India after Mumbai, and gambling is mainly what has turned the IPL into a Rs 20,000 crore ($4.5 billion) enterprise. This is no secret to some of the people in the BCCI. After all, some of their friends might also benefit from this informal Indian Las Vegas.

When Lalit Modi lost the elections to the Rajasthan Cricket Association (RCA), he not only lost a fiefdom, he lost much-needed immunity.His political patronage was blown and more than 20 cases were opened against him, relating to tax evasion and financial irregularities when he was at the helm of the RCA.The rumour mills say that Lalit Modi had approached Gujarat Chief Minister Narendra Modi and was assured by the latter that if he could ensure that the Gujarat team wins the franchise and brings both glamour and money to the state, he’d be made the secretary of the Gujarat Cricket Association (of which the chief minister Narendra Modi is the president).Newspapers had carried front-page stories linking a beautiful South African model, Gabriella Demetriades, with Modi. It seems Modi no longer wanted the association and had requested Tharoor’s office, as Minister of State for External Affairs, to deny Gabriella a visa.He seems to have left an e-mail trail when he wrote to Joseph for help about denying the visa. Modi was not only booked for drug abuse in college but is involved in a court case for cocaine abuse as recently as 2006 in the UAE.The office of Subhash Chandra Goel( who started Indian Cricket League), Chairmain Zee Telefilms, for instance, has offered clinching evidence of Modi’s involvement in a lottery scandal in India’s northeastern states for which a court case has been going on for years. READ FULL ARTICLE

Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: