Retired cricketers can now become selectors in the BCCI's senior
selection committee five years post-retirement as opposed to ten years
as was the case earlier, a source has told ESPNcricinfo. The decision
taken at a BCCI Working Committee meeting on Monday means a wider pool
of cricketers will be eligible to be part of the selection committee,
which is appointed for a period of four years.
India's performance in England, where they have been beaten comprehensively and trail the four-match Test series 0-3, was something the source said the BCCI was concerned about it, though there will not be any review of the tour till after it has been completed.
ESPNcricinfo has learned that Anil Kumble, who attended the meeting as president of the Karnataka Cricket Association, strongly suggested the BCCI review the performance of the national side in England in a rational and clear-sighted manner, particularly when it came to issues of player burn-out and overuse. The quantity of cricket some of India's players have been involved in since the start of the year has been pointed to by several analysts and ex-players as a possible reason for India's dismal performance in England.
There was also concern over the BCCI president Shashank Manohar having to appear before the Enforcement Directorate (ED), a division of the Finance Ministry, presumably in connection with alleged financial irregularities in relation to the IPL. Manohar appeared before the ED on August 10 for a meeting that reportedly lasted for a couple of hours, and the concern in the BCCI had to do with the board being subjected to scrutiny by the Indian government. In June this year, India's sports minister Ajay Maken proposed a bill that would bring all national sports federations, including the BCCI, under the purview of the country's Right to Information Act (RTI) to ensure greater transparency.
"We will not allow them to be not answerable to the public," Maken was quoted as saying by DNA while speaking about the proposed bill. "Since the NSFs' plea of not coming under RTI has been rejected by the Supreme Court, we will have all NSFs including BCCI under the RTI Act."
BCCI came under the scrutiny of numerous financial regulators and intelligence agencies in the 1980s due to concerns that it was poorly regulated. Subsequent investigations revealed that it was involved in massive money laundering and other financial crimes, and illegally gained controlling interest in a major American bank. BCCI became the focus of a massive regulatory battle in 1991 and on July 5 of that year customs and bank regulators in seven countries raided and locked down records of its branch offices.[4]
Investigators in the U.S. and the UK revealed that BCCI had been "set up deliberately to avoid centralized regulatory review, and operated extensively in bank secrecy jurisdictions. Its affairs were extraordinarily complex. Its officers were sophisticated international bankers whose apparent objective was to keep their affairs secret, to commit fraud on a massive scale, and to avoid detection."
The liquidators, Deloitte & Touche, filed a lawsuit against Price Waterhouse and Ernst & Young � the bank's auditors � which was settled for $175 million in 1998. A further lawsuit against the ruling Sheikh of Abu Dhabi, a major shareholder, was launched in 1999 for approximately $400 million. BCCI creditors also instituted a $1 billion suit against the Bank of England as a regulatory body. After a nine-year struggle, due to the Bank's statutory immunity, the case went to trial in January 2004. However, in November 2005, Deloitte persuaded creditor Abu Dhabi to drop its claims against the Bank of England, except for a claim for return of its deposits, in that Abu Dhabi owned 77% of the bank shares at closing, and was therefore also facing a major lawsuit.
The Annual General Meeting of the BCCI has been scheduled for September 19.
India's performance in England, where they have been beaten comprehensively and trail the four-match Test series 0-3, was something the source said the BCCI was concerned about it, though there will not be any review of the tour till after it has been completed.
ESPNcricinfo has learned that Anil Kumble, who attended the meeting as president of the Karnataka Cricket Association, strongly suggested the BCCI review the performance of the national side in England in a rational and clear-sighted manner, particularly when it came to issues of player burn-out and overuse. The quantity of cricket some of India's players have been involved in since the start of the year has been pointed to by several analysts and ex-players as a possible reason for India's dismal performance in England.
There was also concern over the BCCI president Shashank Manohar having to appear before the Enforcement Directorate (ED), a division of the Finance Ministry, presumably in connection with alleged financial irregularities in relation to the IPL. Manohar appeared before the ED on August 10 for a meeting that reportedly lasted for a couple of hours, and the concern in the BCCI had to do with the board being subjected to scrutiny by the Indian government. In June this year, India's sports minister Ajay Maken proposed a bill that would bring all national sports federations, including the BCCI, under the purview of the country's Right to Information Act (RTI) to ensure greater transparency.
"We will not allow them to be not answerable to the public," Maken was quoted as saying by DNA while speaking about the proposed bill. "Since the NSFs' plea of not coming under RTI has been rejected by the Supreme Court, we will have all NSFs including BCCI under the RTI Act."
BCCI came under the scrutiny of numerous financial regulators and intelligence agencies in the 1980s due to concerns that it was poorly regulated. Subsequent investigations revealed that it was involved in massive money laundering and other financial crimes, and illegally gained controlling interest in a major American bank. BCCI became the focus of a massive regulatory battle in 1991 and on July 5 of that year customs and bank regulators in seven countries raided and locked down records of its branch offices.[4]
Investigators in the U.S. and the UK revealed that BCCI had been "set up deliberately to avoid centralized regulatory review, and operated extensively in bank secrecy jurisdictions. Its affairs were extraordinarily complex. Its officers were sophisticated international bankers whose apparent objective was to keep their affairs secret, to commit fraud on a massive scale, and to avoid detection."
The liquidators, Deloitte & Touche, filed a lawsuit against Price Waterhouse and Ernst & Young � the bank's auditors � which was settled for $175 million in 1998. A further lawsuit against the ruling Sheikh of Abu Dhabi, a major shareholder, was launched in 1999 for approximately $400 million. BCCI creditors also instituted a $1 billion suit against the Bank of England as a regulatory body. After a nine-year struggle, due to the Bank's statutory immunity, the case went to trial in January 2004. However, in November 2005, Deloitte persuaded creditor Abu Dhabi to drop its claims against the Bank of England, except for a claim for return of its deposits, in that Abu Dhabi owned 77% of the bank shares at closing, and was therefore also facing a major lawsuit.
The Annual General Meeting of the BCCI has been scheduled for September 19.
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