BCCI slapped Rs 52 Crore fine for unfair trade practices

Citing IPL as a case, Competition Commission of India says Board abused position and denied market access to potential competitor.

updated: February 08, 2013 19:48 IST
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New Delhi: Fair trade regulator Competition Commission on Friday said held that the Indian cricket board indulged in anti-competitive practices and slapped a penalty of Rs 52.24 crore on it.

Observing that BCCI abused its dominant position, the Competition Commission of India directed it to "cease and desist" from any practice in future denying market access to potential competitors, including inclusion of similar clauses in any future agreement.

"...the abuse by BCCI was of a grave nature and the quantum of penalty that needs to be levied should be commensurate with the gravity of the violation," CCI said in an order.

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