Senior BJP leader Yashwant Sinha today said that the controversy-ridden Indian Premier League was nothing but a den for gambling where lots of black money were involved.

Sinha said that a report prepared by the Standing Committee on Finance, which he is heading, had pointed out financial irregularities and involvement of black money in the tournament, but the government had not acted pro-actively to stop these illegal activities.

"The Committee looked into the aspect of money laundering and involvement of illegal black money in the IPL. We called the officials of BCCI, Finance Ministry, RBI and tax officials and we came to the conclusion that lots of black money were involved in the IPL," he said.

Source: Spot fixing: IPL is den for gambling with lots of black money, says Yashwant Sinha - The Economic Times on Mobile