Modi Offered USD 50 mn Bribe to Withdraw from Bidding: Kochi Team CEO


New Delhi, Apr 14 (PTI): In a new twist to the controversy over Kochi team, its owner Rendezvous Sports today alleged that IPL Commisioner Lalit Modi had offerd a $50 million bribe to withdraw from the race, prompting him to threaten legal action.

"We were offered $50 million by Modi to withdraw from the Kochi team," Shailendra Gaikwad, CEO of the franchise, alleged within hours of Modi telling reporters that there was a question mark over the fate of the new team, secured by a bid of Rs 1533 crore last month.

Terming as "rubbish" the charges, Modi told PTI: "Are they mad. Who will offer them what they say Rs 200 crore. I will take legal recourse."

Asked when he would initiate the legal action, he said, "I am awaiting the clippings (in which Gaikwad had made
allegation that Modi wanted their bid to be withdrawn). Once I have that, I will serve them legal notice... possibly
tomorrow."

Hours after Modi told a press conference that there was a question mark over the owners of the Kochi franchise, Gaikwad hit back at the IPL Commissioner saying that they were being deliberately made to go through a "tough time" because they refused the offer.

"We went through the process in the right manner and won the bid. But within 10 days of winning the bid, Modi offered us $50 million to give away the rights of the IPL franchise," Gaikwad told PTI.

Gaikwad said that the franchise was being targeted because it outbid some big business houses whom Modi wanted to rope in for the subsequent editions of IPL.

"We are being put to an unnecessary process and the reasons are obvious. If we did not have all the papers in
place how could we win the bid. It is unfair now to make us go through these problems," he said.

Modi, on the other hand, wondered as to "why I will offer them the money... the bid had gone for a good sum," and dared Gaikwad to prove the allegations.

"Today they are saying $50 million. Tomorrow they may say some different figures," he said adding that every
communication and conversations, including that of Tharoor wherein the Union Minister asked him not to identify the owners, was minuted in IPL.

Allegations from Rendezvous, which has given a 18 per cent share of its 25 per cent equity in Kochi Team to Sunanda Pushkar -- a friend of Tharoor, came within days of Modi divulging the names of stakeholders in Kochi Team, a tweet that led to a public spat between the Union Minister and IPL official.

Tharoor Tara...rara...

  

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Comment on this article

  • ISAAK , udupi

    Thu, Apr 15 2010

    Mr hassan our national game is hockey not kabbadi 4 ur info

    DisAgree Agree Reply Report Abuse

  • K.J.GANIGA, B'LORE/DUBAI

    Thu, Apr 15 2010

    The entire gamut of IPL functioning should be investigated by CBI, as Modi is acting like a 'Samrat. There is lot of suspicion now that Modi must be making lot of money. Where the money is going?

    DisAgree Agree Reply Report Abuse

  • NEW INDIAN, BANGALORE

    Thu, Apr 15 2010

    India is facing a lot of problem with this " MODI"

    DisAgree Agree Reply Report Abuse

  • hasan, mangalore

    Thu, Apr 15 2010

    Mr Gopala, UK. for your kind information our national game is Kabaddi not cricket ! rest of the comments are ok

    DisAgree Agree Reply Report Abuse

  • manish, canada

    Thu, Apr 15 2010

    why would modi pay 50 million to kochi owners to withdraw from IPL3?THE MORE THE TEAMS ITS GOOD FOR IPL AND MODI.SHASHI THUROOR BEING A MP HAS A STAKE IN IPL? BIG QTS. DAAL MEIN KAALA HAI.

    DisAgree Agree Reply Report Abuse

  • Jhengis Khan, Azad Kashmir

    Thu, Apr 15 2010

    BCCI should intervene and investigate the matter.Modi was involved in several scams before and Im sure he is now.

    DisAgree Agree Reply Report Abuse

  • ISMAIL K PERINJE, PERINJE/YANBU-KSA

    Wed, Apr 14 2010

    Modi's action in IPL Kochi Franchise is in question mark?He is acting like a dictator.Why he is so much interested in Kochi Franchise?? His relative's stake in one of the IPL franchise should be investigated.ED already steppend in to investigation of all IPL Franchise's financial transaction and backround.

    Modi's history in US also had financial irragularity and thats why he was ejected from US company.BCCI should immediately step in to in dept investigation before the the concept of 20/20 IPL would make headlines for wrong reasons.

    DisAgree Agree Reply Report Abuse

  • Keshava, Puttur

    Wed, Apr 14 2010

    This Tharror-Modi spat stooped to such a low level that, it exposed many unknown facts about IPL. The govt of India must step in now and have a deep look at the happenings. This IPL involves lot of money and I strongly feel that part of cut is going to D-world. Govt should control the activities. Otherwise it will become a big headache later.

    DisAgree Agree Reply Report Abuse

  • Gopala, UK

    Wed, Apr 14 2010

    Is Modi is a D-company man? are we again entertained by underworld? Is our nation & national game in the hands of such people. Will this kind will boost and support naxalites? please debate.....

    DisAgree Agree Reply Report Abuse

  • ASHOK, DOHA/shirva

    Wed, Apr 14 2010

    Last year in South africa IPL distrubuting money for charity,why this year not happening India?

    DisAgree Agree Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur/ Mangalore

    Wed, Apr 14 2010

    The Cricketers are playing in such a way that they may obtain experience for the future international games and the good quality players can be selected however by evaluating present situation of IPL WHICH LOOKS AS IF NOTHING BUT A GAMBLING GAME.

    DisAgree Agree Reply Report Abuse

  • yousuf, KSA

    Wed, Apr 14 2010

    Funny..... he starts the controversy ... rebound to him. Nice SEESAW masala khabar once again. Sack Modi first, then only cricket will be survived.

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  • Roshan, m'bidri/a'dhabi

    Wed, Apr 14 2010

    Dhal me kuch kala hai......!

    DisAgree Agree Reply Report Abuse

  • ateeq, abu dhabi

    Wed, Apr 14 2010

    Its not Indian Premier league its Indian's Paisa Loot.........

    DisAgree Agree Reply Report Abuse


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