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Financial irregularities of Rs 2.77 billion revealed in PSL One and Two

 

ISLAMABAD: The Public Accounts Committee (PAC) of Parliament has revealed financial irregularities amounting to Rs 2.77 billion in PSL One and Two, while Pakistan Cricket Board (PCB) Chairman Ehsan Mani told PAC that I only monitor, I do not interfere in every matter of the institution on which the Public Accounts Committee of the Parliament has expressed its indignation over the reply of Chairman PCB Ehsan Mani and said that you are responsible for the institution, do not say irresponsible things.

Yes, Chairman PCB The head of the institution has to account for every penny. A meeting of the Public Accounts Committee of the Parliament was held on Wednesday under the chairmanship of Rana Tanveer in which the special audit report of Pakistan Super League One and Two were considered.

The IPC secretary said that the audit department did not give us the working paper. Chairman PAC asked Chairman PCB to reply. Chairman PCB Ehsan Mani said that he only supervises, does not interfere in every matter of the institution. Expressing anger over the response of the Chairman PCB, PAC said that you are responsible for the institution, do not talk irresponsibly.

Rana Tanveer Hussain said that the secretary should call the members of the IPC cricket board and explain how the system works. The PAC said that the chairman is the head of the PCB and he has to account for every penny. During the meeting, a special audit report of PSL One and Two was presented to the committee.

Financial irregularities amounting to Rs 2.77 billion were revealed in PSL One and Two. The franchise was sold at a low price, the PCB lost 11 1.1 million a year, and the franchises of Islamabad United, Peshawar Zalmi, and Quetta were auctioned off at a low price. Ehsan Mani said that the situation was difficult at that time. It was necessary to hold PSL. PPR rules do not apply to PCB.

Naveed Qamar said that PCB will be independent but it is owned by the government. “The PCB says we don’t take a penny from the government,” the IPC secretary said. He said that at that time PPRA rules were not applicable to the auction of teams. According to the audit report, the PCB paid the franchise owners more than the amount fixed by the Central Pool. According to the audit report, the PCB paid an additional Rs 248.6 million to the franchise owners.

The PAC directed a departmental inquiry into the PSL’s financial irregularities. The Chairman PAC said that the Secretary IPC himself should investigate and report within a month.

Noor Alam Khan said that if you don’t think that there will be any theft in PCB then we will not catch it. Chairman PAC adjourned the meeting. Rana Tanveer Hussain said that audit objection would be reviewed after receipt of the inquiry report.

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