Saurashtra Sought Funds For IPL While Having 250 Crore In Bank: COA Status Report

Mar 22, 2017 at 8:03 PM

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Saurashtra Sought Funds For IPL While Having 250 Crore In Bank: COA Status Report

The interim body of Board of Control for India, Committee of Administrators has come up with status report on Wednesday which has revealed Saurashtra Cricket Association (SCA), which was presided by former BCCI secretary Niranjan Shah, has over INR 250 crore balance in its bank account as they were expecting more funds to organize the matches of upcoming cash-rich Indian Premier League’s tenth edition.

According to a COA report, as per March 31, 2016, the association’s (SCA), coffers has a cumulative amount of INR 213 crore which further had the deposit by October 31, 2016 of around INR 42 crore.

“One of the intransigent state/member association is Himachal Pradesh Cricket Association (HPCA) which has not demonstrated with Honourable Court orders dated October 7, 2016 and October 21, 2016 but has sought funds for smooth conduct of the Test match between India and Australia scheduled to be played from March 25, 2017 onwards,” the Annexure C of the second status report from COA has stated.

Interestingly, the Himachal Pradesh Cricket Association (HPCA), is second in the list, who earlier had requested to cricket board BCCI to release the funds for the fourth Test which is also a series decider between India and Australia starting March 25.

The COA report suggested HPCA has INR 65 crore in its account.

“It is relevant to note that the HPCA had an amount of Rs 6,26,92,775 (Rupees Six crore Twenty Six lakh Ninety Two thousand Seven hundred and Seventy Five) in current/savings account and deposits as on March 31, 2016, and a further amount of Rs 59,44,30,724 (Rupees Fifty Nine crore Forty Four lakh Thirty thousand Seven hundred and Twenty Four) was remitted by BCCI to HPCA between April 2016 and October 2016,” it added.

The reports suggested the amount was credited when sacked BCCI president Anurag Thakur was at the helm of affairs.

“This is without including an additional amount of Rs 16.73 crore that was remitted on October 1, 2016 and has been directed to be kept in term deposit subject directions of this Honourable Court,” the status report further stated.

The report further explained on how BCCI joint secretary Amitabh Chaudhary tried to show ‘some resistance’ by not allowing the COA to ‘choose the legal team’

“There was some resistance and interference from Amitabh Chaudhary in permitting Committee of Administrators (COA) to choose the legal team by way of contrary instructions being issued by him which were subsequently withdrawn,” the Annexure B and Point 10 has mentioned in the COA’s status report.

Coming hard on the associations, COA has stated they are facing the difficult time as the state associations in particular are not obeying what has been recommended by Supreme Court-led Lodha Panel Reforms.

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