MUMBAI, Feb 16 � The Enforcement Directorate (ED) has slapped a Rs 425 crore show cause notice against BCCI, IPL, their officials and private multimedia firms for alleged contravention of forex laws in awarding a cricketing media rights contract in 2009, reports PTI.
The notices have been issued to close to ten individuals and entities which include former Board of Control for Cricket in India (BCCI) boss N Srinivasan, the then IPL Chairman Lalit Modi, Chief Operating Officer (COO) Sunder Raman, and the officials of World Sports Group (WSG) and Multi Screen Media (MSM) for allegedly and fraudulently �manipulating� the contract and hence making illegal payments.
The development comes at a time when the latest edition of Indian Premier League (IPL) players auction is underway in Bangalore today.
