NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Sports News / Know why ED has slapped a penalty on BCCI, others
    Next Article
    Know why ED has slapped a penalty on BCCI, others

    Know why ED has slapped a penalty on BCCI, others

    By Rajdeep Saha
    Jun 01, 2018
    03:17 pm

    What's the story

    The BCCI finds itself in a new spot of bother as the Enforcement Directorate (ED) has slapped a penalty of Rs. 121 crore on the cricket body and some of its former officials.

    Former BCCI boss N Srinivasan, ex IPL chairman Lalit Modi, along with some other officials, have also been included in the list of violators.

    Here is more about this case.

    Reason

    The reason behind the penalty

    ED slapped the penalty for alleged violation of the FEMA law that is believed to have occurred during the 2009 IPL edition.

    A sum of Rs. 82.66 crore has been levied upon the BCCI.

    Meanwhile, Srinivasan and Modi have been hit with Rs. 11.53 crore and Rs. 10.65 crore respectively.

    Former BCCI treasurer M P Pandove too finds his name on this list.

    Timeline

    45 days time given to the alleged parties

    The ED has given 45 days to the accused to deposit the fine with the government exchequer.

    Investigation was being done by the ED for alleged violation of the Foreign Exchange Act (FEMA).

    A sum of Rs. 243 crore was transferred out of the country which is stated to be in violation of the RBI guidelines.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Indian Premier League (IPL)
    BCCI
    Cricket: News, Stats and more!
    Lalit Modi

    Latest

    A$AP Rocky drops major hint about Baby No. 3's name  A$AP Rocky
    Xabi Alonso confirms departure from Bayer Leverkusen: Details here Bayer Leverkusen
    Jackson Wang's India visit in doubt amid Indo-Pak tensions Diljit Dosanjh
    'Final Destination Bloodlines' advanced in India due to 'Mission Impossible' Tom Cruise

    Indian Premier League (IPL)

    Ranbir to charge Rs. 1 crore to host IPL prelude? Salman Khan
    IPL: KKR beat Royals to book a clash with SRH Kolkata Knight Riders (KKR)
    Twitter left baffled after Royals lose to Kolkata Knight Riders X
    Nepal to play their first ODI series against the Netherlands Cricket: News, Stats and more!

    BCCI

    BCCI unhappy with Manohar, doesn't want him as ICC Chairman International Cricket Council (ICC)
    Post Warner ban, Sunrisers Hyderabad appoint Williamson their new captain Indian Premier League (IPL)
    IPL 2018: England's Alex Hales recruited as David Warner's replacement Indian Premier League (IPL)
    Broadcasters request BCCI to reduce fee of non-India matches Cricket: News, Stats and more!

    Cricket: News, Stats and more!

    Kohli's County stint might get cut short due to injury Virat Kohli
    Virat Kohli ruled out of County due to an injury Virat Kohli
    Reasons why AB de Villiers cannot be replaced Faf du Plessis
    Many allege IPL final to be fixed after Hotstar's advertisement X

    Lalit Modi

    Modigate: Interpol rejects India's Red Notice request against Lalit Modi India
    India, UK to forge stronger trade ties post-Brexit: PM May India
    Lalit Modi looking to make a MMA league Indian Premier League (IPL)
    Meet Richard Madley, the IPL auctioneer Indian Premier League (IPL)
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025