BCCI lost Rs 50 crore on fraud land deal, admits National Cricket Academy

After having paid nearly Rs 50 crore (Rs 49,97,60,000), BCCI bosses were surprised as to the number of PILs that were filed in the Karnataka High Court. On June 20, the High Court gave its verdict terming the land deal illegal.

updated: August 08, 2013 20:59 IST
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New Delhi: The BCCI, the richest sports body in the country, is in a soup over a Rs 50 crore land deal for its cricket academy near Bangalore after it emerged that a fraud has occurred.

At a meeting of the sub-committee of the National Cricket Academy today, members were apprised of the role of a person, who is believed to be the kingpin in the fraud.

Sources said the person is neither an employee of BCCI nor associated with any state association but signed documents on behalf of the Board with Karnataka Industrial Areas Development Board (KIADB) for procuring 49 acres of land at a place near the airport.

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