Rejecting allegations of impropriety about its transactions related to the Indian Premier League, World Sports Group (WSG) today said it has not used funds received in connection with the IPL broadcast rights for “inappropriate or unlawful activities”.
The Income Tax department, investigating alleged irregular transactions in the IPL, is also looking into payment of USD 80 million-facilitation fee to WSG by Multi-Screen Media (MSM) for T20 league’s telecast rights.
WSG has denied that “any executive or employee has received or admitted to receiving any monies other than in the normal course of business”.
In a statement, the company also rejected allegations that it used any funds received in connection with its sub-licence of broadcast rights for inappropriate or unlawful activities.
Further, WSG noted that it totally rejects unsubstantiated comments and innuendos about its business transactions and categorically states that they are unfounded and without substance.