Audit reveals massive irregularities in first two PSL’s editions: report
In the special audit report on the first two editions of the Pakistan Super League (PSL), Auditor General of Pakistan pointed out massive irregularities that resulted in the loss of millions of rupees, Daily Dawn reported.
According to Dawn, the audit report of the year 2017-18 highlighted irregular payments to franchises, irregular advance payment to vendors, non-recovery of due from franchise, TA/DA to journalists and the members of Board of Governors.
The report, which was presented before the National Assembly on Monday stated that Pakistan Cricket Board (PCB) had to face a loss of for Rs 248.615 million due to irregular payments to franchises in excess of agreed share of central pool.
According to audit report, PCB also faced loss due to irregular award of compensation to the PSL franchises of Rs 54.490 million while unjustified auction of franchise caused loss of US$11 million. The report also revealed that PCB did not recover amounts due from franchises worth Rs32.050 million. The report said that there was irregular excess expenditure on production of PSL-II Final without proper estimation of Rs18.880 million.