'FM looking into IPL tax evasion, money laundering'

WRITER 22:22 HRS IST

New Delhi, May 18 (PTI) Finance Minister Pranab Mukherjee today made it clear that his ministry has been investigating into two aspects of whether there was tax evasion and money laundering in the IPL and it has nothing to do with other issues concerning the Twenty20 event.

"So far IPL is concerned we are looking into two angles.

One is about tax evasion or avoidance angle and the other is whether there was money laundering aspect. Except these two areas there is no other angle which the Finance ministry or the Income Tax department is looking into," Mukherjee said.

"If there was tax evasion and avoidance the Income Tax officials will look into it. These are the statutory responsibilities of the tax officials. They have been vested with this power and authority by the Act of Parliament and they don't need any approval or concurrence from anybody," he told NDTV.

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