Bedi, who was present here at the India Today Conclave along side former Australian wicketkeeper Adam Gilchrist and Peter Roebuck, said, ''ICC is toothless to the core as votes are playing a mojor role in it and votes can be bought and sold.'' The former left-arm spinner also cricticised Board of Control for Cricket India's (BCCI) new venture, Indian Premier League (IPL), and said, ''it is just another way of making money.
''People who are running the IPL are using a tested formula.
What BCCI is doing is they are using OPI and OPM which stand for Other People's Intelligence and Other People's Money respectively,'' he added.
He said the players who went under the hammer recently in the IPL auctions were made to look like cattle for sale.
Peter Roebuck, endorsed Bedi's view point and said ICC is losing it's control over the world cricket but added that BCCI is looking after the cricketing matters well enough.
''ICC's power is dwindling but BCCI is doing a good job as they have handled most of the things pretty well.'' However, Roebuck, a cricket expert and commentator, said Indian cricket has gone through many phases of transformation with Sydney Test being the final stage.
''Sydney Test match was the final stage of cricket culture.
''What India conveyed in Sydney Test was that they showed they are fearless and people might have misunderstood it as a protest.'' Bedi termed the Twenty20 cricket as a 'jig' and accused the BCCI for spoiling the cricket culture in the country.
''This (IPL) is how some deserving and non deserving players will become multi-millionaire overnight.
''Al Gore would have struggled to make so much money that Ishant Sharma has made at such a small age,'' he added.
He further added that the current Indian team has improved a lot in the last 10 years and said ''some youngsters still need to be tamed''.
He adviced the players to concentrate more on fitness and said, ''Ishant Sharma is an exciting prospect and should last longer than other pacers like Laxmipati Balaji and Ashish Nehra who, too, arrived at the scene with a lot of promise.''