Anti-Corruption Tribunal finds UAE players Mohammad Naveed, Shaiman Anwar Butt guilty

Agencies
January 26, 2021

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Dubai, Jan 26: United Arab Emirates (UAE) players Mohammad Naveed and Shaiman Anwar Butt on Tuesday were found guilty of two offences each under the ICC Anti-Corruption Code following a hearing by an independent Anti-Corruption Tribunal.

Naveed and Shaiman, who were charged under the ICC Anti-Corruption Code for attempting to corrupt matches of the ICC Men's T20 World Cup Qualifier 2019 in the UAE, have been found guilty on all charges after they exercised their right to a hearing before a Tribunal.

The pair remain suspended and sanctions will follow in due course. Naveed and Shaiman have been found guilty of:

Article 2.1.1 -- for being party to an agreement or effort to fix or contrive or otherwise influence improperly the result, progress, conduct, or other aspects of a match or matches at the ICC Men's T20 World Cup Qualifier 2019.

Article 2.4.4 -- Failing to disclose to the ACU full details of any approaches or invitations received to engage in corrupt conduct under the Code at the ICC Men's T20 World Cup Qualifier 2019.

Naveed has also been found guilty of breaching the following two counts of the Emirates Cricket Board Anti-Corruption Code for Participants of the T10 League 2019:

Article 2.1.1 -- for being party to an agreement or effort to fix or contrive or otherwise influence improperly the result, progress, conduct, or other aspects of a match or matches at the T10 League 2019.

Article 2.4.4 -- Failing to disclose to the ACU full details of any approaches or invitations received to engage in corrupt conduct under the Code at the T10 League 2019.

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News Network
March 22,2024

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The start of the world’s most lucrative cricket tournament in India is presenting investors with another big opportunity to cash in on the sport, months after the world’s most populous nation hosted the Cricket World Cup.

The eight-week long Indian Premier League begins March 22 for its 17th season. Since its inception, the fast-paced cricket tournament has become a corporate juggernaut to rival the National Football League in the US and the English Premier League in value.

Just as October’s Cricket World Cup boosted consumption in India for months, fans are expected to flock to restaurants, pubs and food delivery platforms over the duration of the tournament. This year’s IPL also coincides with general elections that will last for six weeks starting April 19, a period when companies are expecting higher food and drink sales as people flock to rallies and other events.

“There’s going to be a lot of spending,” said Madan Sabnavis, chief economist at Bank of Baroda. “IPL, as well as the election, gives a three-month corridor with enhanced economic activity.”

Stocks in India such as McDonald’s franchise operator Westlife Foodworld Ltd. and peer Sapphire Foods India Ltd. gained ahead of the first match on Friday, as well as hotels and beverage makers. Packaged-food companies could also stand to benefit from the IPL craze, said Sachil Bobade, an analyst at investment firm Dolat Capital Market.

The IPL ecosystem was valued at $11 billion (Rs 91,721 crores) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory.

The league is also attracting record sums of money from sponsors and broadcasters. Conglomerate Tata Group won the title sponsorship rights of the tournament in January for a record 25 billion rupees ($300 million). Billionaire Mukesh Ambani’s media venture secured the digital streaming rights in 2022 for five years for $2.7 billion, while Walt Disney Co. paid roughly the same for TV rights.

“There was a serious amount of bidding even this year,” said Vinit Karnik, head of entertainment, esports and sports at media agency GroupM South Asia. “I see growth in IPL in double digits year-on-year,” he adds.

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