Enforcement Directorate issues notice to BCCI

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Published: Monday, November 28, 2011, 15:35 [IST]
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Foreign exchange violations in IPL 2

New Delhi, Nov 28: The Enforcement Directorate has issued a notice to the BCCI on Monday for allegations surrounding contravention of foreign exchange rules during the second season of IPL in the year 2009.

The second version of the tournament was shifted to South Africa due to the dates clashing with the General elections in our country.

The ED has issued a notice regarding money which is approximately 16,500 which is approximately 16,500 crores. The issue has cropped up since the money transferred from India without following the norms of the Foreign Exchange Management Act (FEMA).

The second version of IPL also led to the sacking of the then commissioner, Lalit Modi.


Read more about: lalit modi, bcci, ipl
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