BCCI clears VVS Laxman- Kumble controversy
posted on Jul 1, 2016 @ 10:47AM
There were reports of conflict of interest surrounding VVS Laxman who is one of the members who selected Kumble for the post. It was being reported that VVS Laxman, who was one of the three Cricket Advisory Committee members, is the second biggest shareholder in Kumble’s company Tenvic Sports Education Private Ltd. As a shareholder he holds, 33,332 shares in Tenvic Sports. Laxman was also entitled to a substantial amount of money in the form of incentives, bonus and other benefits from Kumble’s firm.
But yesterday, the Board of Cricket Control in India (BCCI) issued a statement saying Laxman had left Kumble’s firm ahead of joining the selection team. In a written statement, BCCI said, “Mr. Laxman informed BCCI that he had sold his total shareholding of 5 per cent in Tenvic Sport (sic) in the month of March 2016 and also declared that he no longer held any shareholding or any official or unofficial position in Tenvic Sports. This took place prior to the commencement of the operations of this Committee”. The statement added, “Mr. Laxman was in no position of a conflict of interest at the time of selection of the head coach of Indian cricket team”.