BCCI funds have not been frozen: Justice RM Lodha panel

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Justice RM Lodha-led committee on October 4 stated the panel did not direct banks to freeze the BCCI accounts and that amount be dispensed so that it could carry on with its routine expenses.

This came after the Board of Control for Cricket in India (BCCI) warned of calling off the cricket series being played between India and New Zealand.

Justice Lodha said, “The BCCI bank accounts haven’t been frozen. We ordered the board not to fund state cricket associations. Routine expenditure, matches, daily affairs and games that should go on, there is no objection whatsoever.”

“We have noted that the BCCI’s Emergent Working Committee meeting held on September 30 decided to pay large amounts to member associations. By taking such an action, the BCCI is violating the panel’s direction. Payment of such large funds is not routine.”

The panel on October 4 has urged the Yes Bank not to freeze the BCCI’s accounts. The panel took this move after hearing that the Yes Bank had put BCCI’s accounts on a debit freeze status. The BCCI holds accounts for daily business with Yes Bank and Maharashtra Bank.

“This is a misinterpretation of the mail sent to the BCCI on October 3. We have not frozen any bank accounts,” said the former Chief Justice of India. When queried if the NZ tour of India and England set to visit next would be cancelled, he said, The question does not arise.

Another point of dispute is next year’s Indian Premier League (IPL) and Champions Trophy. The schedule has India playing Australia first followed by the IPL and immediately the Champions Trophy in England. However, Lodha panel recommendations said there has to be a 15-day period before and after the IPL, which leaves India to chose between the IPL or the Champions Trophy.