Income Tax raids at Knight Riders, CAB offices

Updated: 21 April 2010 12:52 IST

Income Tax officials, probing alleged financial irregularities in the cash-rich IPL, on Wednesday raided the offices of the KKR and CAB.

Income Tax raids at Knight Riders, CAB offices

Kolkata:

Income Tax officials, probing alleged financial irregularities in the cash-rich IPL, on Wednesday raided the offices of the Kolkata Knight Riders and Cricket Association of Bengal here.

There were simultaneous raids on the offices of Shah Rukh Khan-Juhi Chawla-promoted Red Chillies Entertainment, which owns KKR, at the Eden gardens and then on Gameplan, a sports management group which looks after KKR's affairs, on Shakespeare Sarani, a posh locality of South Kolkata.

The seven-member IT team first went to the office of KKR and then to the CAB at the Eden Gardens and examined the papers. Four members of the team then went to the office of Gameplan.

"The income tax officials are here looking for papers related to IPL. We are cooperating with them," CAB president, Jagmohan Dalmiya's personal assistant said.

Dalmiya was scheduled to hold a press conference relating to IPL in the evening, which was subsequently postponed, he said.

Earlier, summons were issued to the BCCI by the Income Tax authorities to furnish complete details of all eight original Indian Premier League franchises.

The IT authorities are investigating the entire IPL structure, which has become a huge revenue-earning entity for the BCCI, since its inception in 2008.

There are five Indian Revenue Service officials in the raid team.

The team leader told PTI that "it is part of a raid. Raids are done in two ways, either you search or conduct a survey. We are doing a survey here. We have been asked to conduct a survey here.

"Though Red Chilles Entertainment is headquarted in Mumbai, this is their home venue where seven IPL matches were played. There were many transactions here and several papers and documents are lying here," he said.

Pointing out that the last KKR match was played at the Eden Gardens on April 19, the official said "we will complete the work no matter how long it takes and until we are satisfied."



Topics : Cricket
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