IPL- it's not the cricket but the off-field mis-hits

There is a lot of speculation about the money-awash IPL, including money-laundering and shady dealings. Recent news about Mr. Tharoor and Lalit Modi provides more data points.

Lalit Modi charged with 'Betting & Laundering'-ET Cetera-News By Industry-News-The Economic Times: "NEW DELHI: ‘Mr Lalit Modi has had a trail of failed ventures and defaults till four years back but has a lifestyle now that includes a private jet, a luxury yacht and a fleet of Mercedes S class and BMW cars all acquired in the last three years.’

Thus opens a highly confidential and explosive report by the income-tax department that has been in the possession of the government for six months now but formed the basis of any action only on Thursday evening after a raging controversy over secret ownerships and sweetheart deals in the Indian Premier League, or IPL, stalled both houses of Parliament."