The BCCI is under scanner of the Enforcement Directorate (ED) over alleged violation of FEMA during the IPL auctions. The contentious issue is the base fee agreed upon between the BCCI and 72 foreign players. The forex payment guarantees are in clear violation of FEMA or the Foreign Exchange Management Act. Documents obtained by Headlines Today show that the total base fee guarantee extended by the BCCI was worth 13.4 million dollars or Rs 62 crore. The foreign exchange guarantee was given by the board without permission from the RBI. Foreign exchange transactions made during IPL 2 in South Africa too are under the scanner. These transactions were made with entities like Cricket South Africa and the sponsors. The BCCI had advanced 2.5 million dollars to enable budgeted costs of Cricket South Africa. Several transactions made to persons residing outside India and the sources of these funds too are being investigated. Juhi Chawla under scannerMeanwhile, Juhi Chawla, a co-owner of the Kolkata Knight Riders, has come under the scanner for alleged FEMA violation. An ED note accessed by Headlines Today reveals that 40 lakh shares of Chawla were transferred to a Mauritius-based company. The shares were transferred at par in violation of FEMA. The norms stipulate that since the shares were that of an unlisted company, they should have been valued by a chartered accountant. The ED report also cites similar irregularities in Kings XI Punjab and Rajasthan Royals.
The Lady Eagles celebrate their third crown in six years. —SHERWIN VARDELEONThe UAAP Season 81 women’s volleyball crown was Ateneo’s destiny—and, as University of Santo Tomas found out, there was no changing that.The Lady Eagles, dominant at the start and steel-nerved at the finish, turned back the Tigresses, 25-17, 25-22, 25-22, in Game 3 of their championship series and soared to their old perch Saturday at Mall of Asia Arena.ADVERTISEMENT Duterte wants probe of SEA Games mess MOST READ Don’t miss out on the latest news and information. Ateneo thus bagged their third title in six years after they won their last one in 2015 while also spoiling the Tigresses’ bid to win their first in nine years.And for Sisi Rondina, the UST senior who wanted to leave in the din of a championship celebration, it was destiny.“This [championship] was really Ateneo’s destiny,” said Rondina in Filipino. “We just tried to stop it.”But the Tigresses couldn’t.Ateneo pounced on an erratic UST in the first set and took the best that the Tigresses could offer in the next two, using their vaunted defense anchored on lanky stars Maddie Madayag, Kat Tolentino and Bea de Leon to log 14 kill-blocks and blunt their foes’ 37-27 edge in spikes.ADVERTISEMENT Cayetano: Senate, Drilon to be blamed for SEA Games mess PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss ‘Rebel attack’ no cause for concern-PNP, AFP LATEST STORIES Two-day strike in Bicol fails to cripple transport DA eyes importing ‘galunggong’ anew Catholic schools seek legislated pay hike, too Private companies step in to help SEA Games hosting Ateneo looked to cruise in the third, taking a 19-15 lead on Madayag’s emphatic block on UST’s Eya Laure but the Golden Tigresses managed to storm back and tie it at 21-all on a Rondina kill.Madayag shattered the last tie with back-to-back points to put Ateneo at championship point. Jules Samonte then finished things off with an off-the-block kill.Tolentino finished with 15 points to lead Ateneo’s offense while Madayag had 10 points.Rondina had 18 points to lead the Tigresses while Laure had 10.Sports Related Videospowered by AdSparcRead Next My dream marathon: Running in the most famous of all road races Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue “It’s because of our faith and courage,” said Ateneo coach Oliver Almadro. “It’s really written, the Lord has plans, no matter the challenges, whatever it is, He will really give it to you.”It’s also about talent, about Ateneo’s seniors showing up and establishing right in the first set that no bunch of young upstarts led by a fiery graduating veteran was going to take away their moment of glory.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“It’s not how you start, it’s how you end,” added Almadro, whose wards lost their first game of the season to La Salle, the opening match of the Final Four to FEU and the start of the championship series to the Tigresses.But the Lady Eagles were not to be denied. View comments