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IPL is a big fucking scam!

Discussion in 'The Shit List' started by varundbest, Apr 21, 2010.

  1. varundbest

    varundbest Jr. VIP Jr. VIP Premium Member

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    Hey man! Just check out Star News! IPL is a huge scam, OMG!
     
  2. utkarshpaliwal

    utkarshpaliwal Regular Member

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    What do they say? Please share!!!
    Is it about match fixing?
    If yes... It is going to be a big news tomorrow!!!
     
  3. varundbest

    varundbest Jr. VIP Jr. VIP Premium Member

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    This may help - (btw they are bought by tonz of companies! Fucking income tax and funded *illegally* by foreign countries)


    21st Apr, 2010: The IPL controversy that was triggered off by Lalit Modi\'s allegations that Shashi Tharoor was unfairly influencing the Kochi team\'s bid is on in full swing.

    The Income Tax department, today, raided premises of all IPL franchise owners throughout the country, including those of the Deccan Chargers, owned by Hyderabad\'s E Venkatrami Reddy. In what turned out to be a full-fledged investigation, all important documents were taken and are now under scrutiny.

    Shah Rukh Khan\'s Kolkata Knight Riders offices were also turned over, and every document found was scanned by an army of I-T officials. India Cement (the owners of Chennai Super Kings) offices in Chennai were also raided and put under evaluation.

    Notices were also sent to Kings XI Punjab chiefs Preity Zinta, Ness Wadia and Mohit Burman, for their documents.

    The raids seemed systematic, and new leads are being followed to dig deeper into the IPL\'s deep and murky waters.

    Code:
    http://www.fullhyderabad.com/hyderabad-news/ipl-fraud-deccan-chargers-office-raided-by-income-tax-department-592
     
  4. varundbest

    varundbest Jr. VIP Jr. VIP Premium Member

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  5. Knoxgates

    Knoxgates Supreme Member

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    It's a huge scam run by lalit modi. He has stakes in atleast 4 teams and illegal money was involved in IPL. Each and every match is fixed. Lalit modi's life style has completely changed compared to 3 years before. He is using private chopper these days. If unearthed it is India's no 1 scam, bigger than Telgi's scam.

    Still long way to go.
     
    Last edited: Apr 21, 2010
  6. voidale

    voidale Power Member

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    wtf is it IPL?
     
  7. varundbest

    varundbest Jr. VIP Jr. VIP Premium Member

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    IPL = Indian Premier League
    Something like ICC (International Cricket Council) but kinda smaller.
     
  8. varundbest

    varundbest Jr. VIP Jr. VIP Premium Member

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    Jaipur IPL Cricket Private Ltd, the owner of Rajasthan Royals, could be in a bind over its plan to issue stake to a UK businessman as the company could have violated key foreign exchange rules, say government officials who parsed through its proposal.

    The company recently re-submitted a proposal before the Foreign Investment Promotion Board (FIPB), the key body responsible for foreign investments, to issue a 32.41% stake to Mohan Badale after its earlier application was rejected last October for its hazy source of investments.

    "Prima facie, the company has violated Foreign Exchange Management Act provisions," a government official privy to the matter told ET. Jaipur IPL said the stake issue is in lieu of the payments

    Mr Badale made to the Board of Control for Cricket in India on the company's behalf. Problem is a company cannot issue equity if it did not receive the payment for the same. Mr Badale's payment to BCCI nullifies the company's case, said the official. FIPB is likely to reject Jaipur IPL's proposal again, but more worryingly for the company, it will have to pay a fine to the central bank and could face another investigation from the Enforcement Directorate.

    The company has shed light on the sources in its latest proposal, but the complex web of companies floated in tax havens to push investments has caught the attention of tax authorities. Tax officials are about to delve deeper into the shareholding maze of Jaipur IPL Cricket Private Ltd that enabled the Rajasthan Royals owner to plough money furtively, based on the company's proposal to issue stake to a UK businessman. Repeated calls to the company's office remained unanswered.

    The focus on Jaipur IPL is part of a wide-ranging probe that the government announced on Monday into possible tax evasions and other offenses by other IPL teams, as it faced growing pressure from Opposition parties clamouring in unison against the murky dealings of the T20 cricket tournament.

    Jaipur IPL's proposal before the FIPB reveals the identity of owners, including beleaguered IPL commissioner Lalit Modi's brother-in-law Suresh Chellaram, who owns 44.15%. Other stake owners include actress Shilpa Shetty's in-laws Bal Kishan Kundra and Usha Rani Kundra, Mr Badale and media mogul Rupert Murdoch's son Lachlan Murdoch. Here too, there is evidence of mischief. The income tax department has found the clique of investors formed tangled corporate structures in tax havens to route their investments into EM Sports Holding, Jaipur IPL's Mauritius-based parent.

    The application does not reveal the flow of funds from Kuki Investments, the company promoted by the Kundras in Bahamas, which owns an 11.7% stake in Jaipur IPL.

    And Mr Chellaram's investments were launched through a three-layered corporate structure incorporated in British Virgin Islands. EM Sports is a joint venture between Mr Badale's Emerging Media IPL, Mr Chellaram's Tresco International Ltd, Mr Murdoch's Hong Kong-based Blue Water Estate Ltd, and the Kundra's Kuki Investments. In its proposal, the company said shares were being issued to Emerging Media IPL in lieu of $5,048,885.25 earnest money and $773,480.99 franchisee fee it paid to the BCCI.

    The revenue department has already expressed strong reservations on the proposal, another government official said. Jaipur IPL was incorporated in March 2008.
     
  9. thinkinghat

    thinkinghat Regular Member

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    i dont fucking care as far as i am enjoying it. we have seen much bigger scams than this,this is just peanuts. telgi scam was in 10000 cr range,lalu's scam was over 10k cr..

    and who the hell said its a scam? this mafo media guys speaks out of their ass.they are all governed by high power ppl. modi fucked up with big congress fella,you think congress will let him go clean?.now even if he is innocent he will be manipulated guilty anyhow.

    and "stakes in 4 teams n all" i dont really believe this thing.

    btw i am not a fan of ipl. and hate modi because of his larger than life show off's.but this myths are too much to digest..come on ppl we are educated ppl,dont believe on everything they say,w/o proof. dont fall for this mofo politicians and media guys.
     
  10. varundbest

    varundbest Jr. VIP Jr. VIP Premium Member

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    Well i dont give a fuck to it, i didn't ever cared to watch IPL! but i hate income tax and this thing is affecting that! So thats related to me in a way. they ask 33% income tax and asks 12.50% VAT (Sales TAX) of every sale by customer and 33% from shopkeeper also so 45%!
     
  11. SebastianJu

    SebastianJu Power Member

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    What does a indian league do in the BHW Shitlist? Will the mods ban them?
     
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  12. varundbest

    varundbest Jr. VIP Jr. VIP Premium Member

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    LOL! Read the description my friend - "People and Companies to Stay away from! I've learned the world is full of shitty people, scam artists, crooks, robbers, cyber punks. Report them here so other people don't get taken!"

    I am posting so that people don't watch those shitty matches!