KKR office raided over financial irregularities
KOLKATA: Indian Income Tax officials, probing alleged financial irregularities in cash-rich IPL, on Wednesday raided the offices of Kolkata Knight Riders, an IPL team, and Cricket Association of Bengal (CAB).
"The income tax officials are here looking for papers relating to IPL. We are cooperating with them," CAB president Jagmohan Dalmiya''s personal assistant said.
A seven-member I-T team raided the office of KKR and CAB. Dalmiya was scheduled to hold a press conference relating to IPL in the evening but it was postponed, he said.
Summons were issued to the BCCI by the Income Tax authorities to furnish complete details of all eight original Indian Premier League franchises.
The I-T 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 said 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 headquartered in Mumbai, this is their home venue where seven IPL matches were played. There were many transactions 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."