Issue of conflict of interests need to be looked into: Modi

Acting on former BCCI president AC Muthiah's petition, the Supreme Court today issued a notice to Srinivasan, asking whether his ownership of the Chennai Super Kings IPL franchise constituted a conflict of interest.

Reacting to the Supreme Court notice to Srinivasan, Modi, who is at loggerheads with the BCCI secretary, said the issue has been around for a while and merits a consideration.
"This has been in the court for quite a while and there is an issue out there which needs to be sorted out," Modi said.

"What Mr Muthiah has been alleging was something that needs to be looked into...there is a problem there," Modi told 'Times Now' channel.

Modi said he himself has began the process of collecting all the documentary evidences pertaining to the matter."I have just started to look into my paperworks as there is an issue out here. I have been looking into all my files, all my documentation in the past. I am going to look into it (matter) very seriously.

"Things have been done out here which were not in the privy of certain members and the general body and I am going through the documents and see the paper trails that have been created rightly or wrongly," said Modi.

Muthiah's allegation against Srinivasan is that the BCCI secretary is also the managing director of India Cements, the owner of the Chennai franchise.Muthiah had challenged the BCCI officials' right to have stakes in IPL franchises.Muthiah filed the petition in Supreme Court last month after the Madras High Court had dismissed the plea.

Muthiah also questioned the authority of Srinivasan convening the IPL governing council meeting on April 26, given his dual role of team owner and Board secretary.
Under the original rules, the BCCI had prohibited its office-bearers from having commercial interests in the IPL but the rule was amended in September 2008.