India-New Zealand series under cloud after banks freeze BCCI accounts

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New Delhi, Oct 4: Uncertainty looms over third Test and the upcoming ODI series between India and New Zealand as the Board of Control for Cricket in India (BCCI) has reportedly threatened to cancel the ongoing series.

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As per reports, the Justice RM Lodha committee's direction to banks to freeze BCCI's accounts has miffed the board. A disgruntled board is now thinking of suspending the series due to shortage of fund.

India-New Zealand series under cloud as BCCI accounts frozen

A top BCCI official was quoted by Indian Express report as saying, "We have no option other than to call off the India-New Zealand series as our banks have decided to freeze BCCI accounts. We don't want India to be humiliated in front of the world. How can we function, how can we hold any games now? Who will make the payment? Freezing a bank account is no joke. An international team is here, and there is so much at stake."

The Lodha panel on Monday (Oct 3) issued a letter to the banks, urging them to not give BCCI access to funds. Miffed at board's decision to disburse huge amounts to its various member associations, the Supreme Court-appointed panel termed it 'illegal'.

"It has come to the notice of this Committee that certain decisions have been taken at the 'Emergent Working Committee' meeting of the BCCI on 30th September 2016 to disburse large funds to the various member associations," the letter stated.

"It has come to the notice of this Committee that certain decisions have been taken at the 'SGM' of the BCCI on September 30 to disburse large funds to the various member associations. You are aware that by way of this committee's direction dated August 31, no further decisions were to be taken regarding the future apart from routine matters. The disbursement of these amounts are not routine, and in any case, not emergent," Gopal Sankaranarayanan, secretary of the Lodha Committee, said in a press release.

The letter addressed to BCCI Secretary Ajay Shirke, Treasurer Anirudh Chaudhry, CEO Rahul Johri and Rana Kapoor of Yes Bank, also talked about how the BCCI has openly breached the Supreme Court's order.

"You are also aware that the BCCI has chosen to breach the judgement of the Supreme Court as well as the first set of timelines set out by this Committee which includes the Fund Disbursement policy to be framed by September 30," said the release.

The panel also cautioned the board against taking any further financial decisions, defying which may bring in more trouble for the world's richest cricket board.

"As the status report is to be taken up for directions by the court on Thursday, (October 6), you are hereby directed not to take any steps towards financial disbursement of the amounts as resolved/approved after the direction dated August 31. Any violation of this direction will be placed before the Supreme Court for appropriate directions," warned Sankaranarayanan.

OneIndia News

(With inputs from agencies)

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