Billions of rupees of financial irregularities revealed in PSL 1 and 2

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Billions of rupees of financial irregularities revealed in PSL 1 and 2

Billions of rupees of financial irregularities revealed in PSL 1 and 2

A meeting of PAC was held under the chairmanship of Chairman Public Accounts Committee Rana Tanveer in which the special audit report of PSL One and Two was reviewed. According to the audit report, three teams in PSL, Islamabad United, Peshawar Zalmi, and Quetta franchises were sold at a low price, which caused a loss of 1.1 million dollars annually to the Pakistan Cricket Board.

The meeting revealed financial irregularities amounting to Rs 2.77 billion in PSL One and Two. According to the report, the PCB paid more than the stipulated amount to the franchise owners from the Central Pool, and the PCB paid an additional Rs 248.6 million to the franchise owners.

Explaining in the meeting, Ehsan Mani said that the situation was difficult at that time, it was necessary to hold PSL, PPRA rules do not apply to PCB. Naveed Qamar said that PCB would be independent, but the government owns it. The Public Accounts Committee directed a departmental inquiry into the financial irregularities of the PSL and directed the Secretary IPC to investigate and report within a month.

Committee member Noor Alam Khan said that if you think that there will be any theft in the PCB, we will not catch it. Chairman PAC Rana Tanveer asked why the special audit report of the Pakistan Cricket Board did not come. Chairman PCB Ehsan Mani replied that he only supervises, does not interfere in every matter of the institution. Expressing anger, Rana Tanveer said that you are the head of the organization and responsible, do not talk irresponsibly, you have to account for every penny.

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