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Pasted below are the selected pieces from articles that appeared in
'The Week' magazine and 'Times Of India' newspaper about IPL and the
shady money dealings associated with it. We have been addressing these
issues in POWDER and seeing practices take place in the world of
narcotic trade through characters of POWDER. It's interesting to read
them now in the world of cricket. The two worlds do not seem apart from
each other. They cross paths.
THE WEEK
The Intelligence Bureau, Directorate of Enforcement and Income Tax Department, among other agencies are hinting that part of the funds could have come from shady wallets in Dubai.
"Dubai has become the focal place where much of the IPL funds got generated.
Underworld operatives and arms dealers are known to take shelter behind legal commercial enterprises, planned on a grand scale across continents, utilising systemic loopholes.
money was put into the IPL by dealers dabbling in the small arms business. Some of these dealers have flourishing smuggling businesses worldwide. They allegedly used their 'fronts' in India to send the money on a complex electronic marathon before routing it into India and the IPL.
Income Tax sleuths have zeroed in on entities controlled by netlinkblue, a call centre business, which allegedly infused equity into Voyages TV, Modi's defunct TV channel, in early 2007 and mid 2008. netlinkblue is owned by Akash Arora. The 780 emails, retrieved from various accounts, including Modi's, are expected to hasten the probe.
TIMES OF INDIA
Government had imposed tough FEMA regulation on remittances received from abroad after instances of drug money or other crime proceeds having infiltrated the economy came to light a few years ago.
THE WEEK
The Intelligence Bureau, Directorate of Enforcement and Income Tax Department, among other agencies are hinting that part of the funds could have come from shady wallets in Dubai.
"Dubai has become the focal place where much of the IPL funds got generated.
Underworld operatives and arms dealers are known to take shelter behind legal commercial enterprises, planned on a grand scale across continents, utilising systemic loopholes.
money was put into the IPL by dealers dabbling in the small arms business. Some of these dealers have flourishing smuggling businesses worldwide. They allegedly used their 'fronts' in India to send the money on a complex electronic marathon before routing it into India and the IPL.
Income Tax sleuths have zeroed in on entities controlled by netlinkblue, a call centre business, which allegedly infused equity into Voyages TV, Modi's defunct TV channel, in early 2007 and mid 2008. netlinkblue is owned by Akash Arora. The 780 emails, retrieved from various accounts, including Modi's, are expected to hasten the probe.
TIMES OF INDIA
Government had imposed tough FEMA regulation on remittances received from abroad after instances of drug money or other crime proceeds having infiltrated the economy came to light a few years ago.
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