Modi’s son-in-law holds IPL website and mobile rights

Modi's son-in-law holds IPL website and mobile rights

New Delhi: Global Cricket Ventures (GCV), which has bagged digital and mobile rights for the IPL and the Champions Trophy until 2017, is linked to the son-in-law of IPL chairman Lalit Modi, Gaurav Burman, raising questions about the business interests of Modi relatives in IPL, now a Rs 15,000-crore commercial empire. 
    Gaurav, the brother of Mohit Burman of Dabur, a coowner of Kings XI Punjab, is a director in Elephant Capital Invests, a company which has put $10 million in GCV, to own 50% equity in this Mauritius-based company. GCV, an online media and broadcast company, was set up only last year and within a few months snapped up various cricket related digital rights. 
    The jewel in GCV's portfolio is IPL for which its running its official website, disseminating online match information and putting up pictures, said sources in the Shashi Tharoor camp. 
    Gaurav Burman does not appear to be just another director of Elephant Capital an impression that Lalit Modi seeks to convey. I'm not protecting my son-in-law's interests: Modi 
New Delhi: When Elephant bought into GCV, the media release of November 19, 2009, mentioned only Burmans name as Elephants representative and gave his London phone number for further inquiries. It quoted him as saying: This investment gives Elephant Capital a stake in an exciting online and broadcast media business...We believe that with the continued success of the Twenty20 format, the value of these rights will appreciate. Lalit Modi denied there was any conflict of interest. The internet rights are with GCV, he admitted. But there is no link to prove that I have a vested interest in protecting my son-in-law's interests. 
    Another Modi relative associated with the IPL is Suresh Chellaram, a Nigeriabased businessman who holds majority shares in Rajasthan Royals.