Combine two of India’s favorite pastimes, cricket and politics. Add allegations of corruption, greed, and tax evasion. Throw in the implosion of a highflying political career and it’s not difficult to understand why India’s hyperactive broadcast media are on a tear.
On Monday, India’s finance minister announced an investigation of the funding and sources behind the nation’s top cricket teams, suggesting that more bombshells are to come. The scandal underscores the cost of operating a business on steroids without creating adequate safeguards, analysts said.
At issue is the questionable allocation of shares in the enormously popular Indian Premier League, which in its three-year life has become a virtual license to print money, with its “brand value” doubling to $4 billion in the last year.
Full story: India cricket scandal – latimes.com