New Zealand Tour Of India Tour Reportedly Cancelled?

#IndvNZ #Cricket #Series 2016

New Zealand are preparing for the Third #TestMatch against India as scheduled despite a local media report the remainder of the tour has been cancelled by the Indian cricket board due to financial problems.

An unnamed official from the Board of Control for Cricket in India (#BCCI) as saying the board's #Bank #Accounts had been frozen after a recommendation by the Lodha Committee, a court-appointed panel set up to look into its operations.

"We have no option other than to call off the India-New Zealand series as our banks have decided to freeze BCCI accounts," the paper quoted the official as saying.

"We don't want India to be humiliated in front of the world.

"How can we function, how can we hold any games now? Who will make the payment? Freezing a bank account is no joke. An international team is here, and there is so much at stake."

India sealed the three-match test series 2-0 on Monday with a 178-run victory in Kolkata. The third Test is scheduled to start in Indore on Saturday, with a five-match one-day international series to follow.

A New Zealand Cricket spokesman said they had heard nothing from the BCCI.
The BCCI has had a long-running battle with India's Supreme Court, which has demanded a raft of administrative and governance reforms for the world's richest cricket board.

The board, run by politicians and businessmen and criticized for a perceived lack of transparency, said after a general meeting on Saturday that it had adopted a number of "important recommendations" made by the Lodha Committee but rejected others out of hand.

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SC vs BCCI Struggle-Lodha panel tells banks to defreeze BCCI accounts

#SupremeCourt vs #BCCI - Power Struggle
#Lodha #Commitee Disappointed by BCCI practices 

MUMBAI: The #Justice #Lodha #Committee clarified on Tuesday morning that the Supreme Court "has not frozen the bank accounts of the BCCI nor has it objected to the banking operations/payments relating to routine administration and conduct of cricket matches/tournaments".

The committee was reacting to TOI's exclusive report on Tuesday that said #BCCI was worried about conducting the Indore Test against New Zealand as its bank accounts had been frozen.

The committee said it had clarified to the banks in 'express terms' that it had not asked for the BCCI accounts to be frozen as it did not want cricket and the public to suffer due to the actions of board administrators. Hours after the email was sent to the #President, #Secretary, #Treasurer and the #CEO of the BCCI, it came to light that the #CLT20 surplus cash - distributed by the board to member associations - was transferred on Saturday itself, the day when the adjourned SGM was held at the BCCI headquarters.

The Lodha Committee then wrote to all state associations, saying: "It is further learnt that amounts between Rs 10-20 crore were disbursed to each association as infrastructure subsidy and Rs 28 crore as compe nsation shares from the Champions League T-20 cancellation. The banks confirm that most of these transactions were hurriedly carried out by RTGS between 29th September and 1st October."
We never ordered the banks to freeze BCCI's accounts. After reading about it in the morning, we informed them to defreeze them immediately... Either our e-mail hasn't been read properly, or it's being presented in a wrong manner

The letter adds, "In this light of events, as the actions of the BCCI to transfer these funds is contrary to this committee's directions and subjudice, you are hereby directed not to in any way transfer or disturb those funds that have been transferred as above to your association. If anything is done contrary to this express direction, it will be brought to the knowledge of the Hon'ble Supreme Court for appropriate orders on contempt."

Five state associations confirmed to TOI on Tuesday that they had received the Champions League surplus disbursement, but added that only part of the annual subsidy had been received.

BCCI secretary Ajay Shirke, who convened the SGM, could not be reached for comments. BCCI sources said Shirke had left for London on a business trip and would be accessible only after 11pm IST on Tuesday night. The board has 27 full members, apart from Railways, Universities, Cricket Club of India and the National Cricket Club. The BCCI's share of compensation from the one-time payment ran to the tune of Rs 1,600 crore. "Such decisions were neither routine nor emergent," the Lodha Committee said even as their sources clarified that any expenses related to cricket were perfectly alright.

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