POSTED BY Buzz ON Apr 14, 2010 AT 16:20 IST ,  Edited At: Apr 14, 2010 16:20 IST

 The Tharoor V/s Modi saga has clearly a whole lot more to reveal than meets the eye. First, it was an allegation by Jacob Joseph, Shashi Tharoor's officer on special duty (OSD) who had alleged that "[Lalit] Modi had asked the consortium to quote a price of $297 million for the bid. "He had no business to suggest this. We did not go by that because we knew that the eventual price would be much higher. In hindsight, we know that he was trying to scuttle our chances."   The Tharoor-backed consortium eventually won the rights for Kochi franchise for $333 million.

Now it finds an echo in an aptly titled column, Of intrigue and arm-twisting in high places, by Aditi Phadnis in the Business Standard:

RSW {The Tharoor-backed Kochi franchise] got the first inkling that something was not quite kosher when they got a message that their bid should be below $300 million. They consulted among themselves and kept the bid at $333 million (Rs 1,533 crore). Sahara bid $370 million (Rs 1,702 crore). Videocon’s bid was $320 million, Adani bid $315 million. Theirs was the closest and they got the franchise.

The members wanted to pop the cork. Too early, cautioned their leader. Get the letter of franchise first. They met IPL Commissioner Lalit Modi in Delhi. The daughter of one of the ministers was present in the room. This was when suggestions were made that they should take $50 million and walk away.

The group was first amused, then flummoxed. “Suppose we walk,” asked one, “who is going to give us $50 million?”

An investment banker, was the laconic reply.

“Come on,” said the leader. “I am an investment banker. I know no one will pay this order of money.”

“A client of an investment banker,” they were told.

The group conferred among themselves and said prestige was involved. “We won’t go,” they said.

The article suggests that the Kochi franchise has now sought protection from none other than Sonia Gandhi. But, the article also underlines the "clash between two groups of “very clever people" both with clear conflict of interest:

“The conflict of interest in Lalit Modi’s case is clear: His son-in-law has been given web advertising rights and his brother-in-law has a team. And, in Shashi Tharoor’s case, the woman whom he is going to marry has been given free equity worth Rs 75 crore today but it could be worth Rs 500 crore a few years from now. And, when you look at it, the minister of state in charge of the Middle East also has 100 per cent of his business in the Middle East: does that sound like propriety?” asked a member of the BCCI governing council.

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POSTED BY Buzz ON Apr 14, 2010 AT 16:20 IST ,  Edited At: Apr 14, 2010 16:20 IST
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Daily Mail
Digression
14/D-63
Apr 25, 2010
01:30 PM
I P L :APOEM BY SABUSHANMUGHOM.

I

Moulds change.
Beholders transmute.
Stadia alters.
Copy books corrode.

Who recalls
The black dominance
Of Gary Sobers,
Gavaskar's
Love like shots,
Kapil Dev's inswingers
That soared as swans,
Sylvan sway of
Vivian Richards,
Imran Khan's leap
As Albatross,
And the dying earth?

Off the fields
The stars'll be
Dissembled by clouds
All of a sudden
Age gulps them.

Who recollects
Memories?

II

Young Suns
Throb in the net.
Spectators uproar
In their strife.

Nothing changes but change.

Let the celebration on.
Let the cheer girls foam.
Let the spicey I P L
Dazzle in the market.

The quest for drinking water
Probes the moon.
Life ends in
A maiden over.
sabushanmughom
trivandrum, India
13/D-63
Apr 19, 2010
09:10 PM
"There is no law which say one cannot pay hockey stars. Why dont u start a money spinning tournament for Hockey (s"

Who is going to watch?
Ganesan
Nj, USA
12/D-59
Apr 19, 2010
08:46 PM
When other sports like hockey ...... Is this called lop sided growth?

There is no law which say one cannot pay hockey stars. Why dont u start a money spinning tournament for Hockey (say) ?
ANBanerjee
Newcastle, United Kingdom
8/D-50
Apr 16, 2010
12:39 PM
Which clean image of Manmohanji are you speaking about?? Is it the about the affidavit he rendered stating that he is a resident of Assam to get elected to Rajya Sabha??? Manmohanji is the weakest PM India ever had and is just a "pet PM". He will never gather the courage to investigate the "Indian black money" in the SWISS BANKS or investment of "ill gotten" wealth through MAURITIUS in India. The only contribution of six year rule of MMS is the escalating Maoist violence and 19% inflation in price of food products.
Akil
Bangalore, India
6/D-89
Apr 15, 2010
10:10 PM
"Well Manmohan ji what about your Mr Clean image ? "

He will take action in the same way he took action against Q, TR Baalu, Dayanidhi Maran and Rajah. He will do nothing. WHo knows what percentage he got?
Ganesan
Nj, USA
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