The business of… the IPL scandal
The Indian Premier League was set up in 2008, and is now worth a cool $4 billion. But its fate is in the balance following recent allegations of corruption, fraud, and match-fixing.
May 2, 2010 12:23 by Katherine Azmeh
Corruption, greed, and tax evasion are just a few of the allegations being thrown at the IPL, as the tournament finds itself embroiled in a scandal that one Los Angeles Times reporter wrote “combine(s) two of India’s favorite pastimes, cricket and politics.”
Recent events surrounding the IPL scandal have seen the forced resignation of an Indian government minister and the launch of financial investigations into the funding of the IPL’s top teams. The tournament’s chairman Lalit Modi has been suspended, accused of a slew of dirty dealings, including franchise-bid rigging and broadcasting rights improprieties.
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