BCCI fined $9.8 million over ‘unfair’ IPL deals
The development is another setback for the cash-rich BCCI which was served a $433 million income tax notice last year. – File Photo
NEW DELHI: The Board of Control for Cricket in India has been slapped with a $9.8 million fine by the government for unfair practices related to Indian Premier League contracts.
The Competition Commission of India asked the BCCI to “cease and desist” from practices which denied market access to potential competitors.
The CCI, set up to eliminate practices that have an adverse effect on competition, had reportedly been investigating IPL deals for more than two years.
It’s another setback for the cash-rich BCCI. It was served a $433 million income tax notice last year, and its IPL franchise, the Rajasthan Royals, was fined $18.8 million this week by India’s Enforcement Directorate for flouting foreign exchange rules.
Thats peanuts for BCCI
Crime never pay. PCB always said that there is a lot of fishy things going on in BCCI and International investigating agencies have now proved it and punished BCCI.
You are so obsessed with BCCI and India. PCB or International agencies have nothing to do with it. BCCI were investigated and penalised by INDIAN authorities. Got it now.
Its Payback time BCCI !!!!