PTI

PCB approves controversial audit reports

Sun, Nov 8 06:34 PM

Karachi, Nov 8 (PTI) Desperate to release the ICC funds, cash-strapped Pakistan Cricket Board governing council has approved the controversial audit reports for 2007 and 2008. PCB governing council members passed the reports after they were told by the board chairman Ejaz Butt that without approval to these reports, ICC would not release nearly USD 60 million due to Pakistan as share of various tournaments.

"The members were put in a tight spot although some of them were unhappy with the fact that none of the objections raised by the auditors were dealt with properly," one council member told PTI. "The former chairman of the board, Nasim Ashraf, despite several reminders didn''t bother to reply to any query from the board on the 2007 and 2008 audit reports," he added. Butt told the council members that although he had sent the accounts to the ICC for release of the funds, council''s approval to those were mandatory.

Otherwise, the ICC would not release funds which the board badly needed to meet its budgetary deficit. "The situation is that Butt submitted the budget for 2009-10 after a nearly five months delay and the budget shows that the board will earn around Rs 83 crore but because of its expenses it has a deficit of around Rs 60 crore," the member said.

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