Lodha panel cautions BCCI members against using disbursed money

The Supreme Court-appointed Justice Lodha Committee has directed the BCCI member associations not to transfer or deploy the money received from BCCI after the AGM on September 21 and the Emergent Working Committee meeting on September 30.

According to Lodha committee, BCCI distributed large funds to member associations without framing the Disbursement Policy.

The Supreme Court-appointed Justice Lodha Committee has directed the BCCI member associations not to transfer or deploy the money received from BCCI after the AGM on September 21 and the Emergent Working Committee meeting on September 30.

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"You are aware that a Status Report has been filed before the Supreme Court for certain directions and that will be taken up for hearing on 6th October 2016. In this light of events, as the actions of the BCCI to transfer these funds is contrary to this Committee’s directions and sub judice, you are hereby directed not to, in any way, transfer or disburse 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,’’ the Lodha Committee said, in a mail to the member associations.

The advisory also reminds the member association that despite certain stipulations placed on the BCCI, a decision was taken at the two meetings "to disburse large funds to each association without framing the Disbursement Policy which was mandatory. It is further learnt that amounts between Rs.10-20 crore were disbursed to each association as infrastructure subsidy and Rs.28 crore as compensation shares from the Champions League T20 cancellation. The banks confirm that most of these transactions were hurriedly carried out by RTGS between 29th September and 1st October.’’