We`re co-operating with all agencies: KXIP

Updated: Apr 29, 2010, 20:44 PM IST

New Delhi: Kings XI Punjab today said the franchise was extending full co-operation to the BCCI and all other agencies investigating the ownership pattern of the team that came into limelight following the allegations of financial irregularities in the IPL.

Kings XI Punjab has come under the scanner of the Income Tax (IT) department with respect to suspended IPL chairman Lalit Modi`s relative, Mohit Burman`s share in the team.

To add to the Punjab side`s woes, BCCI president Shashank Manohar had recently raised questions about Kings XI`s ownership structure.

"The franchisee, KXIP, is co-operating completely with the BCCI and all the relevant regulatory bodies. It would be inappropriate to comment beyond this at the moment. In the interim, we request media not to resort to unsubstantiated allegations and frivolous speculation," Kings XI said in a statement.

The controversy around the IPL franchises erupted when Modi exposed the shareholding structure of the Kochi franchise.

Modi later had to pay heavily for the act as BCCI suspended him from all positions, including that of IPL chief, for alleged financial impropriety.