Supreme Court freezes BCCI’s financial transactions

Supreme Court freezes BCCI’s financial transactions
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Story Dated : October 21, 2016

New Delhi: The Supreme Court of India on Friday froze all of BCCI’s financial transactions.

The Supreme Court said that no money is to be provided by the BCCI to the state associations, even for match purposes, unless the Cricket Board decides to agree on implementing the Lodha reforms.

The Supreme Court decided to freeze all transactions between the Board of Control for Cricket in India (BCCI) and all the state boards across the country.

The Apex Court also asked the Lodha panel to appoint an independent auditor to verify the BCCI’s accounts. It has also directed to limit the amount of any financial transaction by the BCCI.

The Supreme Court asked BCCI President Anurag Thakur and Secretary to comply with the decision and file an affidavit within a period of 2 weeks regarding the implementation of the Lodha panel.

Representing the BCCI, senior lawyer Kapil Sibal in the Supreme Court, had previously alleged the panel lead by Justice RM Lodha of trying to control and run the cricketing board.

Sibal also said that there had been issues on one state-one vote policy and were also against taking away the votes from the founder clubs.

The senior lawyer has also complained that the Lodha panel, in an attempt to run the cricketing body had issued order beyond the purview of the apex court’s judgement.

Countering BCCI, senior advocate Gopal Subramanium said that by breaching the implementation of Lodha panel’s recommendations, the cricketing board has made itself liable of civil and criminal contempt action.