Modi Suspended!

Hello people,


BCCI has suspended Lalit Modi pending investigations with effect from April 26th, and has given him time to explain his position. He has been given 15 days to explain all the allegations against him.
The charges against Modi were,

• The alleged misappropriation of bidding document
• The alleged receipt of facilitation fee for illegal transfer of media rights.
• The alleged use of slush money which flows in from various tax haven
• The alleged behavioral problems
• The alleged scam on the ownership issue of Rajasthan royals and Kings 11 Punjab

Modi's three-year reign was effectively ended moments after the conclusion of the tournament final in Mumbai on Sunday and he responded in melodramatic fashion with an emotional speech at the awards ceremony.
The suspension notice was served on him by Rajeev Shukla, a BCCI vice-president, at the conclusion of Sunday's game, with N Srinivasan, the board secretary, sending an email to the same effect. It followed a day of negotiations with interlocutors attempting to persuade Modi to resign.
The public confirmation of his suspension came in a statement from BCCI president Shashank Manohar issued shortly after the end of Sunday's final. "Alleged acts of individual misdemeanours of Mr Lalit K Modi, chairman IPL and vice president BCCI, have brought a bad name to the administration of cricket and the game itself," it said.
"I have waited for IPL 2010 to conclude in order to respond to the situation as I did not want the event to be disrupted in any manner. Immediately after the conclusion of the IPL final, the secretary, BCCI Mr N Srinivasan has in consultation with me issued a show cause notice to Mr. Lalit K Modi under Rule 32 (iv) calling upon him to show cause within 15 days why disciplinary action should not be taken against him. Simultaneously, in exercise of the powers vested in me under Rule 32 (vii), I have suspended Mr. Lalit K Modi from participating in the affairs of the Board, the IPL, the working committee and any other committee of the Board of Control for Cricket in India."
Modi had apparently received that notice by the time he went up to the podium for the post-match presentations, and it prompted an emotional, lengthy speech. "We have had some off field unpleasant dramas only based on innuendo, half truths and motivated leaks from all kinds of sources," he said. "I assure you all decisions have been taken jointly by the governing council and approved by the general body... Still, as the leader of the team, if there is any flouting of rules or any other financial irregularity, I will take full responsibility."
 Shashank Manohar said that Chirayu Amin, MD of a pharmaceutical company and the low profile president of Baroda Cricket association will be the interim commissioner of IPL. MAK Pataudi, Sunil Gavaskar and Ravi Shastri formed a committee which will hold talks with the franchisee owners on retaining of players next year. The current proposal is 3 foreign and 4 Indian players will be retained.

Modi has tweeted in response, that he is the IPL chairman and has been only suspended and he will go the legal way. Lalit Modis twitter

 Thanks!