RE: IPL 8 Start 9 April 2015
Chennai Super Kings should be
disqualified - Supreme Court
In a devastating blow to Chennai
Super Kings (CSK), the Supreme Court
(SC), on Thursday, observed that the
Indian Cements-owned franchise
should be disqualified with
immediate effect and without any
further enquiry.
Srinivasan's son-in-law, Gurunath
Meiyappan, has been found guily by
the Mudgal panel of being actively
involved in betting during the 2013
edition of the Indian Premier League
(IPL).
In a strong indictment of N
Srinivasan, the SC has said it will
unravel the truth about who's the
real owner of India Cements. "Who
is controlling Chennai Super Kings?
The duty of Srinivasan as (Board of
Control for Cricket in India) BCCI
President and interest as CSK owner,
this is where the conflict of interest
lies," SC said.
Asking the Indian board to 'put an
end to all controversies', the SC also
said there will be no further inquiry
into the matter and it's up to the
Indian Cricket board to take further
action. "You must take action, now
you have facts," SC told the Indian
board.
The bench directed Srinivasan to
disclose all details about the
shareholding pattern of India
Cements. It also asked him to come
out with details about his and his
family's shares in India Cements as
well as the composition of its board
members. "What's the composition
of the company India Cements? Who
are on the Board of Directors of
Indian Cements Limited? What is the
equity held by Srinivasan and his
family? Who took the decision to
invest Rs. 400 crore in Chennai Super
Kings?" The bench, headed by Justice
S Thakur and F M Kalifullah, asked.
Srinivasan and his family currently
own 28.23 percent of India Cements.
While that gives him only a minority
stake in the whole company, it also
offers him the controlling stake. On
his own, the International Cricket
Council (ICC) chairman holds 0.14%
stake, or 4,27,400 shares to be
precise.
While giving the go ahead for the
BCCI elections, in what could well be
the end of Srinivasan's tenure, the SC
directed that all board members who
are under investigation should be
kept away. "The BCCI election can be
held but persons named in Mudgal
report will not contest and new board
will take decision on IPL-6 scam,"
the bench noted.
The SC bench also asked BCCI to
reconstitute its body and conduct
fresh polls. The BCCI elections, which
was originally scheduled to be held in
September, has now been postponed
indefinitely.
Making its stand on Srinivasan clear,
the SC asked the Indian board if
there was any provision in its
constitution to debar Srinivasan from
contesting the BCCI polls in future.
The SC also expressed its concern at
national captain, MS Dhoni, holding a
'dual role'. Dhoni is currently the
vice-president of India Cements and
is also the captain of Chennai Super
Kings.
Responding to the court's
observations, the BCCI's counsel
asked for an external agency to be
set up to hand out punishments to
those found guilty by the Mudgal
panel.
Having heard from both parties, the
bench decided against passing any
orders and adjourned the case to
Monday, 1st December.
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