ipl-scam- nkt /tybms ...............hemant
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PRSENTED BY – TYBMS / A
JAYESH TEKCHANDANI 48HEMANT KUMAR HARIJAN 51DEEPAK GUPTA 50AVINASH MOURYA 49SUMIT KORI 38
PROJECT ON – IPL SCAMS
INTRODUCTION
The Indian Premier League is a Twenty 20 cricket competition created by the Board of Control for Cricket in India (BCCI) and chaired by the Chairman & Commissioner IPL, BCCI Vice President Lalit Modi.
The first season of the Indian Premier League commenced on 18 April 2008, and ended on 1 June 2008.
Barriers during second season.Third season was scheduled from 12th march
2010.
HOW IPL ORIGINATEDIPL commissioner Lalit Modi did not
exactly get a brainwave to launch the tourney.
Cricket has always been like a religion for this country. It is seen as more than just a game. The players are considered as demigods and literally worshipped.
The format of Twenty20 cricket has emerged as a phenomenon after the Twenty20 World Cup was won by India and since then people have been totally immersed into it.
IPL SCAM INVOLVED BCCI officials involved
Politicians involved
Money laundering
Match fixing
Corporate and celebrities
involved
BCCI OFFICIALS INVOLVED AND ROLE OF LALIT MODI IN IPL
Lalit Modi, IPL CommissionerHe was the former architect of the
Indian Premier League 2008 and 2010.Involved in the commercial side of the
Board of Control for Cricket in India.Brought IPL to high level.
POLITICIANS INVOLVED Sharad Pawar family
Sharad Pawar family and his immediate family held over 16% equity in one of the bidders for an IPL cricket team. The Pawars own 33.6 lakh shares (out of 2.07 crore shares) in City Corporation, a Pune-based construction company which bid Rs 1,176 crore for a franchise in March. Pawar family's shares are held through two companies, Lap Finance and Consultancy Pvt Ltd and Namratta Film Enterprises Pvt Ltd, which are 100% owned by the NCP supremo and Union agriculture minister, his wife Pratibha and daughter SupriyaSule
IPL Commissioner Lalit Modi revealed that Tharoor's friend (later his wife) Sunanda Pushkar had equity stakes in Rendezvous Sports World (RSW), heading the consortium that owns the Kochi team. It was later disclosed that Pushkar got sweat equity of the value of Rs 70 crore.
Shashi Tharoor
PRAFUL PATEL
Union Civil Aviation Minister Praful Patel. Praful Patel was accused of meddling in the auctioning of the franchisees
Shashi Tharoor maintained that the amount had nothing to do with his active campaigning and mentoring for the Kochi team
MONEY LAUNDERINGThe process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source.
IPL is a major source for some individuals or parties to bring that money from Swiss banks to India for utilize it in investing in various business firms. NRI, Non resident Indian play an important role in this conversion. Due to this IPL became an easy way to turn “BLACK MONEY” to “WHITE”.
TICKETS
SMS
ONLINE BETTING
EXAMPLES OF MONEY LAUNDERINGSms
Tickets
BETTING AND MATCH FIXINGOnline bettingSMSBookiesMatch fixer players
On 16 May 2013, 3 players of Rajasthan Royals were arrested by Delhi Police on charges of spot fixing. The three players were Sreesanth, Ankeet Chavan & Ajit Chandila
All three Players were suspended by BCCI
Gurunath Meiyappan, a top official of the Chennai Super Kings franchise and son-in-law of BCCI president N. Srinivasan was arrested in Mumbai by Mumbai Crime Branch in connection with illegal betting.
Multi Screen Media or Sony Entertainment
Television
World Sports Group
International Management Group
Raj Kundra
Shahrukh Khan
Preity Zinta
CORPORATE AND CELEBRITIES INVOLVED
The second scam relates to timeouts introduced by modi in IPL2.
In IPL2, 600 seconds of extra time were introduced as strategic timeouts.
Strangely for rest of world rights, contract did not include these 600 secs.
BCCI alleges modi caused loss of revenue worth crores to board.
STRATEGIC TIME OUT SCAM
SECURITY VAN SCAMThe fourth scam is being called the Security van scam.
IPL awards contract to Visual Impact headed by Ajay Verma.
Contract is to supply 3 vans at Rs 5 crores. Contract further said 4 more vans to be provided over next 7 years.
BCCI alleges Modi did not follow due process while awarding contract.
BCCI alleges Modi hired IPL security vans at 3 times their market value
IPL SWOT ANALYSIS
STRENGTHS
IPL Twenty20 cricket game-2 ½ hours.
Fast-paced and exciting.
Appealing as a spectator sport.
Revenue is maximized.
Unified the sport more successful .
WEAKNESSES
Could replace other forms of cricket.
Expensive for some IPL fans.
Stakes are very high.
Short-term failures.
Some teams have overpriced their sponsorship
OPPORTUNITIES
Large potential mass audience.
League functions under a number of franchises.
Corporate hospitality.
Huge opportunity for merchandising.
Franchise fees will remain fixed.
THREATS
Dispute between BCCI and Lalit Modi
May not see return on investment.
Franchises are very expensive.
Franchises fan base should remain strong or
else can give rise to cash flow problems.
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