ED report on IPL teams' dealings soon

Official sources said the directorate had collected important data on individuals and companies, who had invested in IPL teams, from tax havens like Cayman Islands and Mauritius.

The ED’s report is likely to be submitted to the Finance Ministry by the end of this month. The enquiry was aimed at tracing any illegal inflow of black money into the IPL’s T20 cricket extravaganza.

The “source probe” began in April this year over the controversy on share holdings in the consortium which bagged the IPL’s Kochi franchise.The controversy had triggered a spat between suspended IPL Commissioner Lalit Modi and former Minister of State for External Affairs Shashi Tharoor.

A copy of the report will also be placed before the BCCI disciplinary committee probing Modi’s alleged financial irregularities, sources said.The committee comprises interim IPL Chairman Chirayu Amin, senior BJP leader Arun Jaitley and Union Minister of State for Commerce and Industries Jyotiraditya Scindia.