The scandal is the worst to affect Indian cricket for a decade, and emerged after Mr Modi said the girlfriend of junior foreign minister Shashi Tharoor had been given a free $15 million £9.78 million) stake in the new Cochin team. Mr Tharoor, who had lobbied for the bid, denied he stood to benefit but was forced to resign.
The investigation is also expected to examine all contracts negotiated by Mr Modi, including the auctions for the IPL's eight team franchises, plus two new entrants who will launch teams next year. Mr Modi is alleged to have a stake in one of the teams, the Rajasthan Royals, held by his brother-in-law.
The inquiry was ordered by Shashank Manohar, the president of Indian cricket's ruling body, the BCCI. "The alleged acts of individual misdemeanours of Mr Lalit K Modi... have brought a bad name to the administration of cricket and the game itself," he said in a statement.
capt.vern.....please allude to what you mean by 'IT' , get over 'it'.As you very well, first hand, know that a crime had been committed how can you say 'get over it ? If they get away with it, as they have till now, and have never any repercussions, they will do it again and again and this would then become the norm of how business is done. Would you like that ? That every bigger guy has the right to slug a smaller opponent legally and relieve him of his belongings ?
On another note, and this is just a thought, could it be possible that China has assembled proof enough on the theft of ON2 from it's shareholders and perhaps threatened to expose Google unless they pulled out of China with their tail between their leg, so that the Chinese search engine will reap the Chinese market ? Could be possible ! After all ON2 had thousands of Chinese shareholders as well .