BCCI asked to provide report on mismanagement of funds

The R.M. Lodha Committee has asked the BCCI to place before it the report of accounting firm Deloitte that points out mismanagement of funds and blatant governance by a handful of full member associations.

In October 2015, BCCI’s former president Shashank Manohar had commissioned Delloitte to submit a Project Transformation report.   -  PTI

The Supreme Court appointed Justice R.M. Lodha Committee for Reforms in Cricket has asked the Board of Control for Cricket in India (BCCI) to place before it the accounting firm Deloitte’s report that has pointed out mismanagement of funds and blatant governance by a handful of full member associations.

>Read: Lodha Committee advises BCCI to comply with Supreme Court orders

In a fresh advisory to the BCCI secretary Ajay Shirke and copied to the BCCI president Anurag Thakur and CEO Rahul Johri on Thursday, Gopal Sankaranarayanan, Secretary to the Justice Lodha Committee has said this:

“With regard to the Associations of Orissa, Hyderabad, Jammu & Kashmir and Assam mentioned by you, you are directed to furnish the Report obtained by the BCCI from M/s. Deloitte on State Associations, as well as any undertakings submitted by the State Associations pursuant thereto. This shall be submitted within 5 days from today. It may be noted that the question of release of funds to these Associations is also governed by the Supreme Court’s order.”

In October 2015, BCCI’s former president Shashank Manohar had commissioned Delloitte to submit a Project Transformation report and suggest ways to

(1) Strengthen its organisation/governance structure

(2) Revolutionise its operational practices

(3) Formalise the policies and procedures in line with world-class standards

(4) Improve the financial controls and processes, etc.

(5) Identify opportunities for operational effectiveness and efficiency and also advise the BCCI ways to

(a) Develop the detailed Accounting Manual and Standard Operating Practices (SOP) on an end to end basis

(b) Put in place a comprehensive Internal Control &Financial Reporting (ICFR) platform duly considering the best practices

(c) Provide various recommendations for process and control improvements/cost control/strengthening/governance/compliance mechanisms through Gap Analysis.

The Deloittee findings on a number of BCCI full members has revealed total misuse of money received from the BCCI as television subvention, IPL money and other grants.

The Hyderabad Cricket Association (HCA) has given an undertaking to the BCCI that it will try and set things in order and try to get a clean audited report for 2016-17.

The BCCI had also commissioned PricewaterhouseCoopers and Grant Thornton for the `Project Transformation' work.