MUMBAI: The Enforcement Directorate (ED) today issued a show cause notice to the BCCI for alleged foreign exchange violations regarding the Indian Premier League (IPL)

The BCCI had accepted deposits of Rs 600 million for conducting the second season which had been shifted to South Africa. There was a performance deposit of Rs 200 million from Emerging Media Sporting Holdings Ltd, UK (bidding for IPL franchise Rajasthan Royals) and Rs 400 million from MSM Satellite (Singapore) Pte Ltd (bidding for TV broadcast contract).

The notices have been issued to former IPL commissioner Lalit Modi, BCCI president N Srinivasan, former BCCI secretary Niranjan Shah and HDFC Bank.

Reports add that in addition to imposition of penalties, the show cause notice also proposes confiscation of these deposits of Rs 600 million.

Rajasthan Royals CEO Raghu Iyer said, " This money was a performance deposit given before we won the franchise. We sent it from abroad as there was no company formed here. All parties who bid for a franchise had to deposit Rs. 200 million. The Enforcement Directorate had questioned us on this issue last year and we replied to them."

MUMBAI: The Disciplinary Committee of the Board of Control for Cricket in India (BCCI) has come down heavily on the five players accused of indulging in malpractices.

The committee comprising N. Srinivasan, Arun Jaitley and Niranjan Shah has decided to debar T Sudhindra from playing any form of cricket for life. He will also not be entitled to any benefits extended by the BCCI or hold any position in any cricket association affiliated to the BCCI.

The Committee held Sudhindra guilty of actually receiving a consideration to spot-fix in a domestic cricket match, and hence imposed exemplary penalty on him.

The committee also held Shalabh Srivastava guilty of agreeing to fix a match and negotiate terms for the same, even though no actual match-fixing or spot fixing took place. He has been debarred for a period of five years, from playing any cricket matches besides withdrawing any benefits that domestic cricketers are entitled to.

Furthermore, the committee has barred Mohnish Mishra, Amit Yadav and Abhinav Bali from playing any cricket matches for a period of one year.

The committee was of the view that the three players, through loose talk and unsubstantiated bragging, brought the game into disrepute, and hence, have been held guilty of the lesser offence.

The penalties will be effective from 15 May, the date of the suspension of the players.

The decision came after the committee‘s meeting to peruse the report of Ravi Sawani, the Commisioner of Inquiry. The Committee also accorded a personal hearing to T. Sudhindra, Abhinav Bali and Mohnish Mishra. Shalabh Srivastava and Amit Yadav pleaded their respective cases through teleconference.

Hindi news channel India TV had done a sting operation exposing corruption in the cash-rich IPL.