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Balance-sheets of IPL franchisees in order so far: Govt

New Delhi: Amid a controversy over finances of the Twenty20 cricket body IPL, the government today said the Registrar of Companies has not found anything wrong with the balance-sheets of IPL franchisees and no company has given sweat equity to anyone.

"Prima-facie as far as balance-sheets are concerned we can say there is nothing of unnatural... No sweat equity issues have been found either," Corporate Affairs Minister Salman Khurshid said after a meeting with regional RoCs, who were earlier asked to look into the ownership pattern of each IPL team.

Khurshid also said some franchisees have not been up-to-date in terms of filing of balance-sheets and RoCs have issued notices to them to do so by May three, or face proceedings under the Companies Act.

"We have checked with the RoCs. In some cases, they (IPL franchisees) are up-to-date with filings and in some cases they are not. Wherever they are not up-to-date we have issued notices and given time up to May 3," he said.

"You saw him and you saw him leave. I have nothing more to say", Salve said.

The high-flying Modi was suspended as the chairman and commissioner of the league after the final on Sunday because
of alleged financial irregularities and rigging of bids.

Modi was charged on five counts, including irregularities in the bids of Rajasthan Royals and Kings XI Punjab and in the broadcast and internet deals.

Earlier, Modi landed in the capital and had to jostle hard to get out of the airport as waiting media persons blocked his way.

The embattled administrator, who has been given 15 days` time by the BCCI to respond to charges, looked agitated as he tried to find his way to a waiting car outside the airport exit.

With mikes surrounding him, Modi merely stated, "nothing, nothing" at first before losing his cool.

"Why aren`t you letting me reach my car? Why are you blocking me? Can`t you be gentlemen?" he fumed before being escorted to his car by his bodyguards.

Modi has been at the centre of a raging IPL row ever since his tweets on the shareholding pattern of the new Kochi franchise led to the resignation of Junior Foreign Minister Shashi Tharoor.

Defiant through the controversy, Modi`s suspension prevented him from attending the April 26 Governing Council meeting in which the BCCI came out with its chargesheet against him.

Modi has not responded to the charges as yet and has merely tweeted that it`s not over yet after BCCI President Shashank Manohar launched a scathing attack against him after the Governing Council meet.

PTI

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