Cricket

BCCI to alter fund distribution method

ajay-shirke

In what can be perceived as a rather proactive and upbeat move, the Board of Control for Cricket in India (BCCI) will use the electronic method in order to distribute funds among the domestic state cricket associations. This move is seen as a motive to counter corruption and fraud which potentially lingers around in some of the state cricket associations.

 

The recent scam where Goa Cricket Association (GCA) members were found guilty of opening a fake bank account in the name of GCA and encashing an amount up to Rs. 3.13 crores by the BCCI, way back in 2006/07 is a key reason behind the move. In order to ensure that no such fraudulent activities take place in the future, the high ranking officials of BCCI have decided to play safe by opting for a secure means of payment.

 

In his statement as reported by ESPN Cricinfo, BCCI Secretary Ajay Shirke confirmed the move of altering the fund transfer method. “All transfers will only be electronic. No cheques will be given,” Shirke said. “In future, all payments from BCCI to state associations will be made to a designated account. That account will have to be confirmed by the current secretary and treasurer of the association.”

 

“It would have to be counter verified by the bank where the account has been opened. And the statutory auditor of the state association will have to issue a certificate saying it is the actual operative account of the state association,” Shirke further added.

 

The fund distribution method was one of the key points highlighted by the Lodha Committee in its previous briefing about corruption within the BCCI.

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