On Friday, three days after the Modi report first got selectively leaked in the media, Bindra produced a 37-page retort via Twitter, attacking Srinivasan on many counts for causing serious financial losses to the BCCI.
Bindra, a former board president and a fierce bete noire of the current BCCI administration, has alleged that Srinivasan caused Indian cricket's cash-rich coffers a great deal of harm by not following the Reserve Bank of India's (RBI) guidelines while setting up a bank account in South Africa to facilitate cash transfers and payments to Cricket South Africa during the 2009 edition of the Indian Premier League (IPL) held in SA.
This, says Bindra, happened despite then president Shashank Manohar emphasizing in an emergent working committee meeting that the BCCI should seek the necessary RBI approval for operating the bank account in South Africa. Srinivasan happened to be the board secretary at that time.
Bindra also adds that "the present violation of FEMA, as alleged by the Enforcement Directorate, is due to the 'deliberate act' of avoiding the RBI framework".
Bindra has accused Srinivasan of wrongly alleging that Modi happened to be a beneficiary in the facilitation fee paid by Multi Screen Media (MSM), which broadcasts IPL, to the World Sports Group (WSG) during the initial years of the Twenty20 tournament.
He has also alleged that the Tamil Nadu bigwig misrepresented facts and created false evidences during that time, which eventually led to a loss of several thousand crores to the BCCI.
Further, the 72-year-old administrator from Punjab says that Srinivasan's decision to terminate the IPL theatrical rights with ESD and web media rights with Live Current Media, forcing the termination of the Kochi franchise, forcing the Sahara group to withdraw from the IPL, cancelling a contract with Zee and more have resulted in heavy losses to the board.
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