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Old May 4, 2010, 03:02 AM
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sunny747 sunny747 is offline
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Join Date: March 10, 2004
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Quote:
There are three IPL teams that are directly connected to Modi because their owners include his family members and friends-the Kolkata Knight Riders (KKR), the Rajasthan Royals (RR), and Punjab Kings XI. All three teams, coincidentally, have actors on board - Shah Rukh Khan and Juhi Chawla for KKR; Shilpa Shetty for Rajasthan Royals and Preity Zinta for Kings XI Punjab. Modi allegedly sold 60 per cent of the stake in these teams to the official owners, and 40 per cent to benami owners or entities who served as "fronts". From this latter category, half of the stake was reserved for Modi and his associates; the other half was allotted to either politicians or businessmen. In all three teams involved, the 40 per cent benami holdings were traced to companies in tax havens like Mauritius and the Caymen Islands.
IF Modi has some stake with RR, PUnjab and KKr, then these teams would have done better in the last IPL right? as it also said MOdi is charge with fixing matches.
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