ED Probing Money Laundering Complaints Against IPL

New Delhi, Aug 30: The Enforcement Directorate is looking into complaints of criminal activities like money laundering against Indian Premier League (IPL), Finance Minister Pranab Mukherjee said today.

“There are certain irregularities which are being looked into, particularly, relating to some complaints received that there are investments, so far as IPL is concerned, from outside.

“Those are being looked into by the Enforcement Directorate because those are the criminal activities like money laundering,” Mukherjee said in the Rajya Sabha during Question Hour.

IPL, organiser of the popular Twenty20 cricket format, is a body of the cricket board, BCCI. Till 2006, the BCCI enjoyed income tax exemptions, the Finance Minister said. Answering supplementaries, he said the concerned agencies are looking into the “criminal activities and other areas” under relevant laws.

From: http://ping.fm/AMYip