ajay-shirke
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.

  • SHARE

    A cricket enthusiast who has the passion to write for the sport. An ardent fan of the Indian Cricket Team. Strongly believe in following your passion and living in the present.

    Related Posts

    Ranji Trophy 2017-18, Gautam Gambhir, Delhi, Vidarbha, Aditya Sarwate

    Ranji Trophy 2017/18: Delhi Thumps Madhya Pradesh; Vidarbha Crush Kerala in Quarter-final

    On the final day of the quarter-final round of the Ranji Trophy 2017-18, Delhi clinched the match by seven wickets against Madhya Pradesh after...

    Ronaldinho planning 2018 farewell tour

    Rio de Janeiro, Dec 11: Ronaldinho is planning a series of testimonial matches with his former clubs before officially announcing his retirement from football. The 37-year-old...

    Freiburg shock Cologne 4-3 in German Bundesliga

    Berlin, Dec 11: Last-placed Cologne squandered a three-goal advantage and lost 4-3 to Freiburg to complete the 15th round of Bundesliga action. Nils Petersen's hat-trick helped...

    Club Bolivar crowned Bolivian football champions

    La Paz, Dec 11: Club Bolivar won Bolivia's Clausura first division title with a 1-1 draw at Nacional Potosi. Marcos Riquelme, on Sunday, opened the scoring...

    Atletico Madrid knocks off Real Betis

    Seville (Spain), Dec 11: Atletico Madrid continued to put pressure on La Liga leader Barcelona with a 1-0 away win over Real Betis in the...