PM PROMISES EFFECTIVE ACTION IF ANY WRONGDOING IS FOUND
Prime Minister Manmohan Sing on Monday promised effective action in the IPL issue if any wrongdoings were found during investigations. "There was a discussion on this issue in Parliament and the Finance Minister also gave a reply . He said that the Finance Ministry is investigating the issue and if anything comes out of it, then we will take effective action," Singh said when asked to comment on alleged black money involved in the T20 league. After a public spat between former minister Shashi Tharoor and suspended IPL Chief Lalit Modi, the issue was discussed in Parliament during the second half of the Budget session.
There were allegations that black money was also invested in the IPL teams. The IPL bid for two new teams from 2011 season opened a can of worms, leading to the then Minister of State for External Affairs Shashi Tharoor losing his job, while IPL Commissioner Lalit Modi was suspended for alleged financial irregularities and bid-rigging. Tharoor found himself in the eye of a storm after it was revealed that his friend Sunanda Pushkar had a `sweat equity' in Rendezvous Sports World which had coughed up Rs 1533 cr to win the Kochi franchisee. Modi, meanwhile, was accused of trying to rig RSW's bid to get another franchise on board.
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