Lodha Panel asks banks to freeze BCCI's accounts

| Tuesday, October 4, 2016 - 11:49
First Published |
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New Delhi: After the Justice RM Lodha committee directed the banks to freeze the accounts of Board of Control for Cricket in India (BCCI) officials, it is believed that the ongoing India vs New Zealand Test and ODI series may get cancelled.

Indian team has won both the matches of the series till now, but this spoilsport may bring a halt to the game.

"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," a top official of BCCI told Indian Express.

The panel had cautioned the board not to make any financial decisions, saying that it may bring more trouble for the world’s richest cricket board.

In a letter to the banks, the panel said, “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”.


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