We are co-operating with BCCI, other bodies: Kings XI
By IANSThursday, April 29, 2010
NEW DELHI - Kings XI Punjab said Thursday that the franchisee is co-operating with Income Tax (IT) department and the Board of Control for Cricket in India (BCCI) in investigations over the ownerhsip details of the Chandigarh-based Indian Premier League (IPL) team.
“The franchisee, KXIP, is co-operating completely with the BCCI and all the relevant regulatory bodies. It would be inappropriate to comment beyond this at this moment. In the interim, we request media not to resort to unsubstantiated allegations and frivolous speculation,” Kings XI said in a statement.
IT officials Wednesday questioned officials of KPH Dreams Private Limited, which owns Indian Premier League (IPL) team Kings XI Punjab. The questioning went on for nearly five hours.
Earlier, a team of IT officials visited the storehouse-cum-office of Kings XI Punjab in Mohali town in Punjab April 23 to verify some documents.
These moves were prompted by the recent controversies in the IPL over new Kochi franchise and questions being raised about the sources of its funds.
