This document discusses corruption and money laundering in the Indian Premier League (IPL). It claims that IPL matches are often fixed due to betting by players and team owners. Non-resident Indians (NRIs) are used to bring undeclared money from foreign banks into IPL team investments, laundering the "black money." Officials also profit by fixing tournament venues, advertisements and broadcast rights. Match results are influenced by signals from team dressing rooms to players on the field. While the IPL looks profitable, the real profits come from illegal betting and fixing matches for gambling profits.
This document discusses corruption and money laundering in the Indian Premier League (IPL). It claims that IPL matches are often fixed due to betting by players and team owners. Non-resident Indians (NRIs) are used to bring undeclared money from foreign banks into IPL team investments, laundering the "black money." Officials also profit by fixing tournament venues, advertisements and broadcast rights. Match results are influenced by signals from team dressing rooms to players on the field. While the IPL looks profitable, the real profits come from illegal betting and fixing matches for gambling profits.
This document discusses corruption and money laundering in the Indian Premier League (IPL). It claims that IPL matches are often fixed due to betting by players and team owners. Non-resident Indians (NRIs) are used to bring undeclared money from foreign banks into IPL team investments, laundering the "black money." Officials also profit by fixing tournament venues, advertisements and broadcast rights. Match results are influenced by signals from team dressing rooms to players on the field. While the IPL looks profitable, the real profits come from illegal betting and fixing matches for gambling profits.
This document discusses corruption and money laundering in the Indian Premier League (IPL). It claims that IPL matches are often fixed due to betting by players and team owners. Non-resident Indians (NRIs) are used to bring undeclared money from foreign banks into IPL team investments, laundering the "black money." Officials also profit by fixing tournament venues, advertisements and broadcast rights. Match results are influenced by signals from team dressing rooms to players on the field. While the IPL looks profitable, the real profits come from illegal betting and fixing matches for gambling profits.
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IPL or Indian premier league is considered to be one of the finest 20-20 game in the world of
Cricket. At present some issues are storming up after the inclusion of Kochi IPL team. These issues were somewhat surprising for a common man not only in India, but also for any person who is new to the world of business underneath sports. My readers in easterndish blog me about IPL scams just because they trust me in finding scams. In easterndish blogI do write about health issues and thats the best reason why I write this article in my dear friend Mr Aswinis blog. This article doesnt mean to hurt anyone. Sharing some thoughtsthats all ! REAL TRUTH BEHIND IPL DRAMA My friend Mr X who is working as a Journalist in an International Media explained me about the role and income source of participating teams, officials etc. The funny thing is that we, the mere public are just fools watching this great drama every year. I will just explain where the chances are for officials, players and others to make money out of this tournament. TOURNAMENT ANNOUNCEMENT AND MONEY MAKING The formation of this tournament was bit surprise for me as the doubt increased on how tournament directors make money from such a tournament with spending millions of dollars to players from in and out of India. But Mr X narrated the way of making money from fixing tournaments. INVESTORS IN TEAMS After the withdrawal of Emergency in 1976, the political parties started minting money in various projects implemented in India. This became a fashion during the beginning of 1990s. When they get power, most of the major political parties including Congress, BJP, JanataDal, etc started making money through various processes like, Petrol Trades, buying Arms, ships, aircraft as a part
of defense development, participating in World Health Organization projects, announcing relief
funds for other poor countries, restructuring financial policies etc. ( Just take the statistics of all Scams that happened in past few years and see how much money earned by scammers. Unfortunately, not even 10% of that money returned to Indian authorities). Initially Honorable Ministers or their relatives in those departments were only generating money. But later political parties or their financial arms started using Ministers to make money and share with them. If in case these transactions come out in front of public, then these parties make those Ministers as Scapegoats and maintain their clean image. In India, not even a party is away from this. Some of you may support Left parties about their clean image, but they also learned the ways of making money through various projects as they are doing in Kerala and West Bengal. (Kerala Left Parties own three TV channels, Amusement parks etc.). The fixation of deals to make money from any of these projects is happening outside India. (Analyze and find the name of Ministers who had done many Foreign Trips either officially or personally and later got hit of Scams from back) There are agents who work similar to Event Management Companies to arrange meeting between corporate representatives and Ministers of India to fix the deals and to deposit the earned money in Swiss Banks. Not only individuals, but all parties own their own secret accounts that contain money earned in several illegal ways. Dont stare at me how this is related to IPL. Now, 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. If we analyze the owners of IPL teams , then we can see huge NRI presence in shareholders. Why NRI in IPL? As per laws in India, an NRI can bring tons of money through his account to invest in India without any barrier or using some simple formalities. As you know, an NRI is defined as a person who has a valid visa in any other country and stay there for a minimum of ONE YEAR. Such Binami NRIs are available in Mauritius, Gulf countries, Canada, South Africa. Mauritius is top among these because an investing NRI in Mauritius can bring huge amount of money from any Swiss Bank account to their operating account in Mauritius. Then the NRI transfer the money to India through his/her NRI bank account in India and invest in Indian business firms. Now, political leaders, Terrorist firms use such NRI to bring money to India and invest in IPL. Due to this IPL became an easy way to turn BLACK MONEY to WHITE. This process was not initiated by IPL. It was Indian Cricket League started this process. Later some politicians and prominent individuals found the scope of this process and initiated IPL. OFFICIALS MAKING MONEY FROM IPL Many politicians and individuals are interested to participate as team owners or share holders either directly or through Binami ( Byname) NRIs. The prime officials of IPL created a crystal clear way to earn money by providing opportunity for many Individuals to become the shareholders of teams. Mr X was pretty sure that this was happened in the case of Kochi team also. Why Mr Modi was interfering in Kochi team only? Mr X was suspecting Modi was not well respected in monetary measures by the team holders due to the support of another Giant, Mr Taroor.
The bidding of advertisements, fixing of tournament venues, match telecasting rights are only some of those huge areas where IPL officials have great chance to make money. Police department is getting huge money as a part of security allowances. Remember the Bomb blast occurred in Bangalore, April 2010 and the semifinal venue was moved to Mumbai. After hearing all these, I suspected a scam in these bomb blasts also. Mr X gave me a data that showed a sudden huge increase in security expenses in Navi Mumbai when compared to Bangalore. Yes, I am thinking on the right way. OWNERS AND PLAYERS MAKING MONEY FROM IPL Match fixing and betting is not allowed in India. But many Indians are participating in betting for IPL through many online websites from Mauritius, UK, South Africa and Nigeria, where even Interpol can do nothing against betting people. Any one can participate in such betting using their credit cards and the earned money can be transferred to their overseas bank accounts. What is the role of betting in fixing an IPL match? Mr X said that betting rates will go high when two good teams clash each other. Say for example, Mumbai Indians had big chance against their rivals in a league match after their continuous victory over almost all teams in IPL 2010. Even though the total score was much less, Sachin Tendulkar went out of the crease due to injury and after that all of us saw the entire team collapsed in front of their rivals for a small score. Mr X was suspecting that the whole betting was in favor of MI, during the beginning hours and later one BULL may bet against MI that twisted the match result. Mr X told me to watch the match keenly and find the moments when a direction from dressing room will come to players. Suppose a team X is going to win according to the current form of playing batsmen. Immediately we can see somebody signals from the dressing room. Another player of the team will run to the ground as if to change bat, or new glove or sometimes with a bottle of water. You can see small murmuring happens between the playing batsmen and the player came from Dressing room (Pavilion). Within minutes, we will witness that the match will turn upside down. This is happening in all forms of cricket, even in international cricket also. Mr X, showed me some reports that says Cricket Control Boards in some countries are doing this business by them selves. (I dont know about India- BCCI) So, next time, please dont cry with Actor Shahrukh Khan when he weeps on the failure of KKR. May be he is earning double of prize money for losing a game. WHO WILL WIN IPL 2010? I was quite sure that Mumbai Indians will win the game after assessing their performances in the season. But Mr X says that the chances are more for the other team, CSK. Because of the fact that the betting from all over the world will be on MI, due to high probability of 60:40. At this scenario, once the match begins, some BULL BIDDER may come and bet against MI in low cost. But even if they fail, there is nothing to worry for MI or its owners and players as their bank accounts will be full of dollars. Keyholes
Reports in ET, show that IPL can never be a failure in terms of business. Poor Modi-Now every politician want to be IPL Commissioner
