The Indian cricket board (BCCI), which owns the IPL, has sacked Mr. Lalit K. Modi after the government launched a tax probe into alleged financial irregularities in the high-profile Twenty20 event.
A statement from the president BCCI, Shashank Manohar (R) said,
“The alleged acts of individual misdemeanors of Mr. Lalit K. Modi, chairman IPL and vice president BCCI, have brought a bad name to the administration of cricket and the game itself.”
Businessman Chirayu Amin, who runs a pharmaceutical business in the western city of Vadodara, has been named the interim chief of the IPL. He is one of the five vice-presidents of the BCCI and a member of the IPL's governing council.
He said, “A number of documents were missing from the IPL office which tax officials had been asking for.”
Mr. Modi has denied all allegations of wrongdoing.
After the IPL final in an address to the crowd, he insisted that the league was "clean and transparent".
"There have been some off-field unpleasant dramas based on the unknown, half-truths and motivated leaks from all sorts of sources," he said.
"I reassure you that if there has been any flouting of the rules and regulations or if there have been any irregularities, I shall take full responsibility."