17 March 2019 last updated at 11:47 GMT
 
Press Release
Prasanna Kannan misleading ED to protect boss Srinivasan

8th March:

Prasanna Kannan misleading ED to protect boss Srinivasan

Prasanna Kannan, the Chief Financial Officer of BCCI-IPL was cross-examined by Lalit Modi's lawyers Swadeep Singh Hora and Abhishek Singh. Kannan is a India Cement employee who according to his own admission was seconded by India Cement to BCCI when Srinivasan was office bearer in BCCI. When Srinivasan was Secretary of BCCI, Kannan was posted in the Secretariat. When Srinivasan was Treasurer, Kannan was in the treasury. Ultimately, he was assisting Srinivasan in the BCCI. 

Being an employee of India Cements, Prasanna Kannan sought to mislead ED in his statement by trying to shift the blame of financial decisions in IPL on Lalit Modi. When confronted with documents which amply proved that all communications, from small issues like air ticket bookings to cash payments to franchises, was decided by Secretary of BCCI (N. Srinivasan) and Mr Modi was not involved. Kannan could not provide even a single document to substantiate the claim that financial approvals with regard to IPL in South Africa or otherwise were made by Lalit Modi. Rather than being truthful, he tried to mislead the ED by not disclosing relevant mails which showed all financial approvals by Srinivasan.

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