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Q.

I doubt ipl matches are organised toconvert all black money of film stars and liquor barons to white the govt should closely moniter this and take action.

Asked by rao, 17 Apr '09 10:25 pm
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Answers (3)

1.

U r right all black money or the money which they have not shown to income tax has been used here
Answered by krish, 18 Apr '09 11:16 am

 
  
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2.

No need of converting this way, they are their to make more money
Answered by Anand Agarwal, 17 Apr '09 10:27 pm

 
  
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3.

One small correction to the question. IPL is a way to repatriate back the black money stacked in over seas account and it is not for disposing BM. Now it is possible for someone to buy an asset (it is a team for IPL in this case) by the liberal policies of the Government using black money routed through proper channels as FDI and FII. The asset can also be a Foreign University institution instead of an IPL team. A forum called SJM has done elaborate study on this and they are also holding their cards close to their chest for some compelling reasons.

The money repatriated back is now being used to build value to the asset that has been purchased., i,e the team. The abundant publicity done on this has helped some of the owners to sell partially their ownership for huge Capital Gain!!! Today the teams do not have any value for almost all the tickets to IPL are sold only as complimentary tickets. The value comes only through media coverage of the event. But Corporates are hesitant to id ...more
Answered by RKB, 31 Mar '10 11:51 pm

 
  
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