Former Indian Premier League commissioner Lalit Modi, who is under the scanner of the Income Tax department for suspected financial irregularities in the bidding process of the Twenty20 extravaganza, faces a death threat, as the underworld is allegedly conspiring to bump him off, the police said on Friday.
Income Tax officials probing alleged financial irregularities in the cash-rich IPL on Thursday claimed to have found some "incriminating" documents during searches at the offices of Kolkata Knight Riders and Cricket Association of Bengal.
Indian Olympic Association president Suresh Kalmadi, who was chairman of the Commonwealth Organizing Committee, was grilled for over eight-and-a-half hours by sleuths of the Central Bureau of Investigation on Wednesday, in connection with alleged financial irregularities in the conduct of the sports extravaganza in Delhi last year.
The BCCI's Disciplinary Committee is considering summoning suspended Indian Premier League chairman Lalit Modi to question alleged financial irregularities in the conduct of the Twenty20 League.
Prasar Bharati CEO B S Lalli will face a Supreme Court inquiry into charges of administrative and financial irregularities against him following a Presidential reference.
Prasar Bharati CEO B S Lalli will face a Supreme Court inquiry into charges of administrative and financial irregularities against him following a Presidential reference.
The Enforcement Directorate has issued a show cause notice to the Board of Control for Cricket in India suspended IPL commissioner Lalit Modi for transfer of Rs 90 crore to the UK, in connection with its probe in alleged financial irregularities in the T20 cricket tournament.
With controversy erupting over Padma Bhushan for Non Resident Indian hotelier Sant Singh Chatwal, the government stepped in to clear the air saying 'due diligence' was done before selection and that the Central Bureau of Investigation had closed three cases of financial irregularities against him.
The structure and the exact mandate of the high-level committee set up to probe the alleged financial irregularities related to the conduct of the Commonwealth Games 2010 remain unclear even a week after the setting up of the panel was announced.
BCCI on Wednesday turned down the plea of suspended IPL Commissioner Lalit Modi in the Supreme Court that the Board should reconstitute the disciplinary committee for probing charges of financial irregularities against him.
The Central Bureau of Investigation has taken over the investigation of four distinct cases from the Assam police, all connected with the death of the state police sub-inspector Junmoni Rabha last month in a suspected road accident, according to officials.
With panel member Jyotiraditya Scindia unable to attend due to illness, Tuesday's hearing of the Board of Control for Cricket in India's Disciplinary Committee, probing charges of financial irregularities against suspended Indian Premier League chairman Lalit Modi, was suspended till evening.
With the Bombay high court to continue its hearing on the petition by suspended Indian Premier League chief Lalit Modi, Tuesday's meeting of the Board of Control for Cricket in India's disciplinary committee, probing the alleged financial irregularities by him in running the T20 league, in Delhi is expected to be cancelled, his lawyer said.
For the first time in the history of Indian armed forces, a serving lieutenant general will face a court martial for his alleged involvement in financial irregularities. Former 33 Corps Commander Lieutenant General General P K Rath will face a court martial starting August 30 for his role in issuing a no-objection certificate to a private realtor for building an educational institution on a 70-acre piece of land adjacent to the Sukna military station in West Bengal.
All allegations of corruption against Delhi Commonwealth Games organisers should be probed, CGF chief Mike Fennell said as he wrapped up a two-day inspection of the venues by identifying some areas of concern, which need to be addressed immediately.
The BCCI disciplinary panel meeting, originally scheduled for Wednesday to probe the alleged financial irregularities by suspended IPL Chairman Lalit Modi in running the Twenty20 league, has been put off due to non-availability of one of its members, Union Minister Jyotiraditya Scindia.
In a major setback to suspended Indian Premier League commissioner Lalit Modi, the Board of Control for Cricket in India (BCCI) on Wednesday rejected his demand for the recusal of Chirayu Amin and Arun Jaitley from the disciplinary panel investigating the charges of financial irregularities against him.
In a bid to clear his name from any possible corruption taint, Commonwealth Games Organising Committee chairman Suresh Kalmadi wrote a letter to Congress MPs ahead of the debate in Parliament, denying any financial irregularities in conducting the Queen's Baton Relay.
Suspended Indian Premier League commissioner Lalit Modi on Monday slammed the Board of Control for Cricket in India and termed the inquiry into the alleged financial irregularities against him as a 'witch hunt'.
Lalit Modi's legal counsel Mehmood Abdi on Sunday said they were concerned about the security threat to the suspended IPL Chairman and hoped the government would deal with the issue appropriately.
Board of Control for Cricket in India secretary N Srinivasan was mum on whether he would recuse himself from proceedings against Lalit Modi but lashed out at the suspended IPL commissioner for his "habit of leaking information" to the media.
The move also comes against the backdrop of the embattled Mallya facing a case of loan default worth Rs 9,400 crore.
Suspended IPL commissioner Lalit Modi on Saturday responded to the first showcause notice served to him for alleged financial irregularities with a staggering 12,000-page reply which was carried into the BCCI headquarters in six large cartons.
Suspended Indian Premier League commissioner Lalit Modi got a breather on Monday after the Board of Control for Cricket in India gave him five more days to respond to the first show cause notice issued to him for alleged financial irregularities. The BCCI's decision came after Modi sought some documents from the Board to prepare his reply, though he was supposed to respond to the charge sheet by Monday.
The Income Tax department probing alleged financial irregularities in the IPL has collected TDS of nearly Rs 4 billion (Rs 400 crore) from the third edition of the T20 tournament.
Lalit Modi, under the Income Tax department's scanner for financial irregularities, continues to get the backing of the IPL franchise owners with Rajasthan Royals co-owner Shilpa Shetty defending the event's embattled Commissioner.
Plagued by allegations of financial irregularities and many other controversies, the Indian Premier League is all set for a fresh start on Saturday with a high-profile two-day auction of 350 cricketers for the cash-rich Twenty20 event's fourth edition.
The case pertains to the ED probe into the alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
Party sources said Pratibha would herself reply to the allegations.
Congress leaders Abhishek Manu Singhvi and Randeep Surjewala said party president Sonia Gandhi has been summoned by the ED for questioning in a money laundering case linked to the National Herald newspaper on June 8, and she was determined to appear before the agency as she has nothing to hide.
The Regional Passport Office (RPO) in Mumbai has summoned lawyers of Lalit Modi for a hearing on Tuesday on their plea to inspect documents, on the basis of which the RPO had sought to revoke former IPL Chairman's passport.
Insurance companies may soon face goods and services tax (GST) audits as tax authorities plan a "deep dive" into their business practices to check for the possibility of a raft of tax-linked irregularities. Several insurance companies are being probed for wrongly availing of the input tax credit without the underlying supply of goods and services based on fake invoices generated by their channel partners and intermediaries. "We want to deep dive into the overall business and see if there are further taxation issues besides commissions, which are already being investigated," a senior official of the Central Board of Indirect Taxes and Customs said.
The HC closed both the defamation suits against Kejriwal and four AAP leaders after a joint settlement plea was moved before it.
The accounts of the Indian Premier League's third edition, after which its Commissioner Lalit Modi was suspended, would be taken up for discussion when the 13-member Governing Council of the Twenty20 tournament meets in Mumbai on Monday.
Official sources said the 2000-01 acquisitions -- notably the high-profile purchase of web portal India World Communications from Rajesh Jain for Rs 499 crore (Rs 4.99 billion) -- by Satyam Infoway could mark the start of the company siphoning funds overseas under the guise of acquiring companies. Satyam Infoway was merged with Satyam Computers in 2002.
Demanding a probe by central regulatory agency into the financial irregularities committed by software company Satyam Computer Services, the Bharatiya Janata Party (BJP) on Friday alleged that a scam of such proportions was not possible without the support of SEBI, MCA, Planning Commission and the Andhra Pradesh government.
The company would hold a press conference in Hyderabad on Thursday to outline an action plan to address key concerns of various stakeholders, including customers, investors, employees and business partners.
Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process. Deposit Insurance and Credit Guarantee Corporation (DICGC) in the first lot will pay customers of 20 stressed banks except PMC Bank. For the first lot, the mandatory 90 days period concludes on November 30.
BCCI's Disciplinary Committee meets in New Delhi on Sunday for the third time to continue its probe into alleged financial irregularities by suspended IPL chief Lalit Modi, who would once again seek the recusal of Chirayu Amin and Arun Jaitley from the panel.
Lalit Modi's attorney Mehmood Abdi on Tuesday said he will push for a neutral Supreme Court judge on the Board of Control for Cricket in India's disciplinary panel that is probing alleged financial irregularities by the suspended IPL chairman in the running of the T20 event.
