ID :
117858
Wed, 04/21/2010 - 20:27
Auther :

Adani says it's on 'right side of law'; will share bid details

IPL-ADANI

New Delhi, Apr 21 (PTI) Gujarat-based industrial house
Adani Wednesday said it was in possession of copies of its bid
for IPL franchise and was ready to share it with authorities
probing alleged irregularities in the cricket franchise
auction.
Adani, which failed to win either of the two franchises
put up for auction by IPL last month, claimed no wrong-doing
saying it was "on the right side of the law."
India's Finance Minister Pranab Mukherjee had told Indian
Parliament on Monday that departments concerned were looking
into all allegations against the Indian Premier League, which
runs the hugely famous 20-20 cricket tournament.
There were allegations that bid documents of Adani and
Videocon, who were among the bidders for the two franchises
that finally went to Sahara and Rendezvous Sports, were
missing.
"The copies of the bid documents (of the second round)
submitted by us have been retained by us and we are ready to
provide the same to the authorities, as we are perfectly on
the right side of the law," Adani said in a statement.
Adani said its bid papers for the first round were
returned unopened by IPL as the round was cancelled.
"The documents of the second round from all bidders were
opened at the ceremony and were retained by IPL. It is normal
practice to dispose off the bid documents from unsuccessful
bidders after a specified time, in line with guidelines framed
by the organisation, normally after the validity of the offer
expires, in this case by IPL," Adani said.
The group, however, did not say for how the bid submitted
by it last month was valid and if IPL could have disposed it
off.
Videocon Chairman Venugopal Dhoot declined to comment on
the IPL row.
Allegations of irregularities first surfaced after IPL
Commissioner Lalit Modi tweeted details of Kochi franchise's
ownership, which included Sunanda Pushkar, a close friend of
the India's then Minister of State for External Affairs Shashi
Tharoor.
Tharoor resigned from the union council of ministers on
Sunday following allegations that he helped Pushkar get free
equity in the team.
Subsequently, authorities including the Enforcement
Directorate, Income Tax and Registrar of Companies are probing
alleged irregularities in IPL. PTI ANZ
MRD


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