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I-T officials raid office
April, 22nd 2010

The Income Tax department on Thursday raided office of the Sahara Group, owner of IPL's Pune team, at Aliganj in Lucknow. Sahara sources say IT department surveyed the office to check papers in connection with the IPL controversy.

Sahara officials said, "We are fully cooperating with the I-T department as we have nothing to hide." The IPL and its associates have been subject to nationwide tax raids over the past few days and authorities have summoned IPL officials on Friday to hand over all paperwork related to the tournament.

Many franchises have jumped to Modi's support, saying he was responsible for the success of the IPL and should be allowed to continue.

Tax officials had conducted search operations at the offices of the Bengal Cricket Association and Shah Rukh Khan's Kolkata Knight Riders till the early hours of Thursday and claimed to have found "incriminating evidence" of irregularities.

"We have found incriminating evidence. We will investigate further. We needed to have a look at certain transactions and we've found whatever we were looking for," said Indian Revenue Service Deputy Director Akhilendu Jadhav.

The main angle that the sleuths of the Directorate of Income Tax Investigation were looking for on the probe into the Indian Premier League (IPL) franchises was the legality of money transfers from tax havens abroad, primarily Mauritius, officials explained.

This apart, officials of the Directorate of Enforcement were probing the legitimacy of transactions between the franchise and the state's cricket board, the officials added.

The federal revenue department had Wednesday broadened the probe into the financial deals of IPL, even conducting search operations on three of its event management and broadcast firms in Mumbai, apart from the franchises.

The 10 franchises under scrutiny are Kochi's Rendezvous Sports, Pune's Sahara group, Mumbai Indians, Delhi Daredevils, Kolkata Knight Riders, Royal Challengers Bangalore, Deccan Chargers, Chennai Super Kings, Rajasthan Royals and Kings XI Punjab.

 
 
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