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N Srinivasan hired London agency to spy on BCCI members, claim reports

SrinivasanAccording to the reports on Sunday that N Srinivasan spent close to Rs. 14 crore to spy on other BCCI board members through a London agency.

The BCCI are supposed to meet in Kolkata and discuss the role of N Srinivasan on the alleged matters. The BCCI is expected to launch an official enquiry into the matter that is expected to be headed by Anurag Thakur.

Reports claim that Srinivasan used BCCI money to spy on the other board members.

The BCCI’s Working Committee during its meeting in Kolkata on April 26 will discuss about Chennai Super Kings being valued at a meagre Rs. 5 lakh by its owners, which has been objected by some IPL Governing Council members.

It is learnt that Chennai Super Kings Private Limited after its de-merger from its parent company India Cements have been valued at Rs. 5 lakh as per documents that were handed over to IPL Governing Council.

Subsequently, IPL COO Sundar Raman was asked a few questions by a few GC members about the “weird valuation” of the de-merger as they were paying an annual franchise fee of Rs. 40 crore and also spent annually around Rs. 60 plus crore as players’ remuneration.

The other question that was raised was Rs. 25,000 being paid upfront to the BCCI for the sale of the franchise.

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