Lalit Modi slams Srinivasan and Thakur for loss of 3798 crores

On Tuesday, former Indian Premier League chairman, Lalit Modi accused former Board of Control for Cricket in India chairmen, N Srinivasan and Anurag Thakur, of being responsible for losses to the BCCI in excess of Rs 3798 crores. The allegation was made via an Instagram post on Modi’s account. He believed that the cancellation of the Champions League T20 and the dissolution of the franchises Kochi Tuskers Kerala and Pune Warriors India were crucial factors in the losses. According to Modi, the collapse of the CLT20 alone cost the BCCI $500 million, also the loss of the two franchises meant that $633 million was lost.

Modi always held a grudge with Srinivasan as he felt that the latter was responsible for his sacking. This was not the first time that Modi found himself in the public eye, since his ousting, he accused former New Zealand all-rounder Chris Cairns of match-fixing. In a subsequent lawsuit filed by Cairns, the New Zealander won $950,000 in damages. He even claimed in an Instagram post that Mahendra Singh Dhoni signed an agreement with India Cements to become Vic-President of the company with a salary of Rs 43000, but this claim was never verified.