Income Tax department seeks probe details on IPL scams from Delhi Police
June, 07th 2013
The income-tax department has asked Delhi Police to share details of the investigations into the IPL betting and spot-fixing scandal as there is an element of tax evasion involved in the cases, a top I-T sleuth said.
"We asked Delhi Police to share information, but have not heard from it yet. We are looking into the matter," the official said, asking not to be named. A Delhi Police official confirmed about the I-T request, but added the agency is not ready yet to share the relevant information.
The tax authorities say possibilities of money laundering and tax evasion need to be thoroughly probed. Owners of Rajasthan Royals have in the past been hauled up by the Enforcement Directorate (ED) for alleged violations of the Foreign Exchange Management Act (FEMA). ED had slapped a Rs 100-crore fine on the franchise in February this year. It has also been under I-T scrutiny for violation of income-tax rules.
In 2011, I-T and ED had probed alleged financial irregularities committed by BCCI, many of which were in connection with IPL.
Investigations of tax evasion in the IPL case may pick up with owners of teams being called in for questioning by cops in Mumbai and Delhi. BCCI President N Srinivasan's son-in-law Gurunath Meiyappan has been interrogated by the Mumbai police while their Delhi counterparts have interrogated Rajasthan Royals co-owner Raj Kundra as part of the probe.