Dears,

"All that Twitter are not gold"

Yeh "sweat equity" kya cheez hai? "undilutable in perpetuity" ....... mast,
mast!

Aur "arm's length mentoring" kya hai?

If one does not use "Zaroor", no problem .... IPL hai na!

Rendezvous, s'il vous play!! Play, plait kya farak padta hai abhi.

As in the Bollywood block buster "Rock on" the message is in the song "Socha
Hai" .... "Socha nahin to socho abhi!"

Mog asundi

Miguel.
Kochi IPL row: Shashi Tharoor resigns, PM accepts

TNN, Apr 19, 2010, 01.41am IST

Article <http://timesofindia.indiatimes.com/articleshow/5829718.cms>
Tags:Sonia 
Gandhi<http://timesofindia.indiatimes.com/topics.cms?query=Sonia%20Gandhi>
|PMO 
<http://timesofindia.indiatimes.com/topics.cms?query=PMO>|Sunanda<http://timesofindia.indiatimes.com/topics.cms?query=Sunanda>
|ipl row <http://timesofindia.indiatimes.com/topics.cms?query=ipl%20row>|shashi
tharoor 
resigns<http://timesofindia.indiatimes.com/topics.cms?query=shashi%20tharoor%20resigns>
|president 
accepts<http://timesofindia.indiatimes.com/topics.cms?query=president%20accepts>


NEW DELHI: Shashi Tharoor on Sunday night resigned from the Union ministry
after his claims of "arm's length mentoring" of Kochi IPL group did not cut
ice with the Congress leadership.

The former UN diplomat's fall from grace also paves the way for the
government to escalate the ongoing tax probe into the Lalit Modi-led IPL.

Tharoor indicated his desire to quit when he met PM Manmohan Singh on Sunday
afternoon to clarify his position. The offer was accepted by Congress chief
Sonia Gandhi and the PM, and Tharoor was summoned to the PM's residence late
at night.

After the meeting, he left without offering any comment, and his resignation
was forwarded to — and accepted by — the President.

Political observers were quick to note that both meetings with the PM were
long-drawn affairs, lasting over 30 minutes each. This contrasted with the
few minutes that Tharoor got with Sonia Gandhi after waiting for an audience
for almost five days.

The PM's call to Tharoor to put in his papers followed a two-hour meeting of
the Congress's core committee and, more crucially, a one-on-one between the
PM and Sonia Gandhi.

TOI was the first to report that a government inquiry had found that Tharoor
may not have been a bystander during the negotiations over Sunanda Pushkar's
"sweat equity" in Rendezvous Sports World, which stunned observers by coming
out of nowhere to bag the Kochi franchise.

Shashi Tharoor's fate was sealed on Sunday at the core committee meeting,
when finance minister Pranab Mukherjee and defence minister A K Antony, the
two-member probe team on Tharoor's conduct, submitted a damning report.

Contrary to the junior minister's claim of "arm's-length mentoring" of Kochi
group, the findings said he actively negotiated the "sweat equity" for
Pushkar. He had, in fact, asked for 10% for Pushkar while the deal was
finally settled at 5%.

This revelation was crucial in reaching the decision that Tharoor had to go.


The action against Tharoor also sets the stage for a vigorous scrutiny of
the IPL led by Lalit Modi, who started the controversy by revealing the
shareholders in Rendezvous Sports World which won the bid for Kochi.

The I-T department has already set the ball rolling and the coming days may
see a full-blown probe into the functioning of the Rs 15,000 crore T-20
behemoth.

Ironically, a last-ditch effort to salvage the situation also fell through.
Sunanda Pushkar, early in the evening and well after Tharoor had briefed the
PM about his side of the story, announced that she was surrendering the
contentious "sweat equity".

A tough-talking leadership felt it did not lessen the reasons why Tharoor
should go. Moreover, Pushkar cannot surrender the "undilutable in
perpetuity" shares to Rendezvous management with a mere announcement.



http://timesofindia.indiatimes.com/india/Kochi-IPL-row-Shashi-Tharoor-resigns-PM-accepts/articleshow/5829718.cms


-- 
-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.
Miguel Braganza, S-1 Gracinda Apts,
Rajvaddo, Mapusa 403507 Goa
Ph +91-9822982676;91-832-2255913
www.ofai.org www.pgsorganic.in
Horticulture.Facilitation.Networking
-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.

Reply via email to