CoA clears one-time benefits for 13 cricketers by bypassing treasurer
The Supreme Court-appointed Committee of Administrators (CoA) has created a setup parallel to the BCCI to release funds 13 Indian cricketers who have played between one and nine Tests for India after 1970. So, for the first time, the BCCI treasurer has been kept out of the loop for a transaction.
The CoA made the board's administration and game development general manager, Ratnakar Shetty, and CFO, Santosh Ragnekar the official signatories for issuing the payments. They were told to use their discretionary power for signing the cheques.
Sources said that since the treasurer's office, headed by Anirudh Chaudhary, wasn't willing to sign the cheques in the names of the 13 cricketers without prior approval of the general body, both Shetty and Ragnekar signed on the cheques.
However, understandably, the move has not gone down well with the rest of the board members.
"Have you ever heard any organisation releasing funds without the signature of the treasurer?" a board official asked. He further added, “Bypassing of authority highlights a lack of trust and dignity.”
It is not the first time that the BCCI and CoA had a difference of opinion over other payment issues in the past. Both the parties differed over paying incentives to Indian cricketers after they won the Test series against Australia at home and a similar problem erupted when the CoA again approved one-time benefit for the women cricketers after their runners-up run at the recently concluded ICC Women’s World Cup. But on both occasions, cheques were signed by the treasurer.
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