India: Top court restricts BCCI's financial powers

The Indian Supreme Court had earlier directed the Lodha panel to appoint independent auditors to investigate all BCCI accounts. Photograph:( AFP )

WION New Delhi, Delhi, India Oct 21, 2016, 08.03 AM (IST)

The Indian Supreme Court today froze Board of Control for Cricket in India's (BCCI) financial transactions with state cricket associations until it abides by the recommendations of the Lodha panel. 

The top court directed the Lodha panel, which was constituted by the SC to review the functioning of BCCI, to appoint independent auditors to investigate all BCCI accounts. 

The court also asked BCCI president Anurag Thakur and secretary Ajay Shirke to pledge via an affidavit before Justice R M Lodha's panel and the Supreme Court by December 3, regarding the time they will need to implement the recommended reforms. 

The bench was headed by Chief Justice T S Thakur and comprised of Justices D Y Chandrachud and L. Nageswara Rao. 

Justice D Y Chandrachud pronounced the verdict and asked the Lodha panel to set the upper limit of high-value contracts of BCCI to be scanned by the auditors. 

The bench ordered a copy of the judgment to be given to International Cricket Council (ICC) chairman Shashank Manohar.

(WION with inputs from PTI)