IPL row: I-T dept raids World Sports Group, Multi Screen Media offices

The income tax department on Wednesday morning raided the offices of World Sports Group and Multi Screen Media which handle the broadcast rights of the Indian Premier League.
Tax sleuths had visited the BCCI office last week on Wednesday. The department had used special technology that allows direct data transfer from any electronic storage device including computers, mobile phones and pen drives to access the data.
Various agencies, including income tax, enforcement directorate and directorate general of service tax are closely coordinating in the investigation into the IPL tax and money trail.
The Enforcement Directorate (ED) has registered a case against IPL teams under the Foreign Exchange Management Act (FEMA) and will now conduct an open inquiry into transfer of foreign funds, according to Times Now.
The case was registered under Section 3 of FEMA, which prohibits dealing in foreign exchange without permission from the RBI.
So far the ED was conducting a discreet inquiry, which doesn't require the registering of a case. The decision to register a case was taken after it found strong indications of funds having come from tax havens like Mauritius and Cayman Islands.
Meanwhile, eight investigation wings of the Income Tax department have spread across the country to probe the source of IPL funds. They are expected to collect, source and obtain financial details from various stakeholders in the IPL from across the country.
I-T directorates in Mumbai, Kolkata, Chandigarh, Delhi, Kochi, Hyderabad, Bangalore and Pune will be trying to source out information.