ISLAMABAD: Massive irregularities and corruption has been unveiled inPakistan Super League first two editions, reveals special audit report
The special audit report of first two editions of Pakistan Super League(PSL) has revealed massive irregularities in the T20 League as the nationalexchequer has to face hundreds of millions of dollars loss due to saleproceeds of commercial rights to franchises on cheaper rates.
The Auditor General of Pakistan (AGP) conducted a special audit report forthe first two editions of PSL. The report hasrevealed that the market valueof the PSL was up to $300 million in 2017 but the PCB management sold thecommercial rights to the initial franchises in just $93 million in 2015.
As per the special audit report, the cricket board awarded $14.08 millioncontract to the same company which was already working with PCB. Accordingto PCB record given to audit authorities, the PSL contracts were not widelyadvertised in international press and media.
Advertisement in international media was not available with the PCBmanagement. Rather conspicuously, PCB’s earlier partner got the PSLcontract as well. It was found that only an Indian firm/consortium washandling all major PSL contracts. The parent company name was M/sTechnology Frontier established in Madras, India.
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Similarly, the audit report further reveals that PCB awarded irregular andnon-transparent award to the tune of $57 million to the franchises thatwere not even qualified for the franchise rights.
According to the report, bids were required to be received at designatedemail address but bids against firms namely M/s JW International, ARYDigital and Qatar Lubricants were received in hard form only. It wasmandatory for a competing firm to produce financial statement of previoustwo years (with at least one year account being audited) in order toqualify for the selection process.
