When contacted, Lalit Modi denied there was any conflict of interest. "The internet rights are with GCV," he admitted. "But there is no direct link to prove that I have a vested interest in protecting my son-in-law's interests. What can I do if my son-in-law is a director of a company?"
Apart from Gaurav and Mohit Burman, another Modi relative associated with the IPL is Suresh Chellaram, a Nigeria-based businessman who holds majority shares in Rajasthan Royals. Chellaram is Lalit Modi's sister-in-laws husband. The Modi camp maintained that the involvement of these three Modi relatives in IPL was a coincidence. "They are all businessmen and they sensed a business opportunity in the IPL," an associate of Modi said.
Sources in the Board of Control for Cricket in India (BCCI) the parent body said that while an agreement with GCV has indeed been reached, its key officials did not know that Modi's son-in-law was a significant face behind GCV. On his part, Modi maintained that he had nothing to hide. "All IPL officials closely coordinate with the BCCI. I have nothing to hide," he said
NEW DELHI: Global Cricket Ventures (GCV), which has bagged digital and mobile rights for the IPL and the Champions Trophy until 2017, is linked to the son-in-law of IPL chairman Lalit Modi, Gaurav Burman, raising questions about the business interests of Modi's relatives in IPL, now a Rs 15,000-crore commercial empire.
Gaurav, the brother of Mohit Burman of Dabur, a co-owner of Kings XI Punjab, is a director in Elephant Capital Invests, a company which has put $10 million in GCV, to own 50% equity in this Mauritius-based company. GCV, an online media and broadcast company, was set up only last year and within a few months snapped up various cricket related digital rights.
The jewel in GCV's portfolio is IPL for which it's running its official website, disseminating online match information and putting up pictures, said sources in the Shashi Tharoor camp.
Gaurav Burman does not appear to be just another director of Elephant Capital an impression that Lalit Modi seeks to convey. When Elephant bought into GCV, the media release of November 19, 2009, mentioned only Burmans name as Elephants representative and gave his London phone number for further inquiries. "This investment gives Elephant Capital a stake in an exciting online and broadcast media business...We believe that with the continued success of T20 , the value of these rights will appreciate significantly."
When contacted, Lalit Modi denied there was any conflict of interest.
Wow it was wonderful watching the news channels than the Saans Bahu serials, it has been amazing to watch the live news of people and their lives, their inside and the hidden lives. Thats what has been happening in the past one week. What turning points, what a thrill, what stories, its interesting than a Hitchcock film. What I am amazed is that we all have a voyeur inside us and we are really interested in other peoples lives. What they do whom they married, how they deceived, how he was caught in a dope case and how he escaped. I am really not saying its good or bad but i am just asking is it more important than the Javans getting killed by Naxals or the Prime Minister meeting Obama. I don know, as far as this voyeuristic attitude exists its good for the success of the serials on TV. Thank you Saahi Tharoor, Sania, Modi, Ayesh and Sunanda Pushkar
This guy Shailendra Gaikwad himself is cheat. He is investing money of his brother Ravi Gaekwad (There is already a enquiry going on against him by Maharastra govt in bike scam). This is all IPL garbage coming out now. Tharoor himself getting share through his "would be wife". Else why a beautician will be hired by a company and given free shares.
Re: Shailendra Gaikwad --cheat!
by anup on Apr 15, 2010 11:59 AM
oh it really, ths gaiwad should b banned from franchise, franchis shuld b gvn to good dpeople
plz help modi to come out of this saga of cheerleaders consortium , you know he is full of life ,, helps indians to see some playboy material live plz do some thing for him plz ,, i cant go for playbay magazines as i am watching it free,
I guess all cheer girls have to first get aproval from Lalit Modi before she can fly in! lol! Earlier he has asked MEA not to give visa to one of the cheer girls. WHY???? A BIG WHY!!!!!
1. Successfull in kidnapping & assault 2. Posses 400 grams of cocaine 3. Expert in Dancing with Bar Girls 4. Done 100 hours of community service in US 5. Good Negotiation skills (Just tried bribing Rendezvous Sports World) 6. Excellent in Manipulation 7. Twitter Buff also bluff 8. Expert in Provisions of the Money Laundering Act.
.....................and more.....wait for IPL Edition No. 04
