Tendulkar has informed the BCCI about his decision to quit Test cricket after a glorious career spanning 24 years
Sachin Ramesh Tendulkar, who has been playing cricket for India since past 24 years on Thursday announced his decision to retire from Test cricket after playing his landmark 200th match against the West Indies next month.
The 40-year-old Tendulkar, who has not been in the best of form in recent times, has informed the Board of Control for Cricket in India (BCCI), about his decision to quit Test cricket after a glorious career spanning 24 years. He has already retired from the one day internationals (ODIs).
In a release issued by BCCI secretary Sanjay Patel, the maverick payer said, “All my life, I have had a dream of playing cricket for India. I have been living this dream every day for the last 24 years. It’s hard for me to imagine a life without playing cricket because it’s all I have ever done since I was 11 years old."
“It’s been a huge honour to have represented my country and played all over the world. I look forward to playing my 200th Test Match on home soil, as I call it a day,” he added.
Tendulkar thanked the BCCI for its support throughout his career and also for allowing to walk into Test sunset at a time of his choosing.
“I thank the BCCI for everything over the years and for permitting me to move on when my heart feels it’s time! I thank my family for their patience and understanding. Most of all, I thank my fans and well-wishers who through their prayers and wishes have given me the strength to go out and perform at my best,” he said.
There was intense pressure on Tendulkar to bid adieu to Test cricket after a prolonged form slump and particularly with the advent of a number of young players.
Tendulkar’s 200th Test match is most likely to be held at his home ground in Mumbai from 14th November. The Eden Gardens in Kolkata is also a contender for hosting that historic match. The BCCI has not yet announced the venues for the two Tests against the West Indies.
Lotus Refineries, which was declared as a defaulter by NSEL, has made public its bank statement to rebut the claims of receiving Rs1,704 crore as alleged by the Spot Exchange
Lotus Refineries Pvt Ltd against whom the National Spot Exchange Ltd (NSEL) had filed a complaint has rebutted claims made by the Exchange. The company, while making public its transaction details with NSEL, said it had not received the Rs1,704 crore, which were shown as paid on the records by the Spot Exchange.
Making public the transaction details, Lotus Refineries has also accused NSEL of faking the real time gross settlement systems (RTGS) details. The bank statement details of Lotus Refineries shows that while NSEL claimed that money was transferred in Lotus Refineries accounts, it was never credited. "We demand a stringent probe into the malpractice; we suspect that the amount might have been used for money laundering," says a spokesperson of Lotus Refineries.
Here is the bank statement made public by Lotus Refineries...
According to media reports, the EOW has found mismatch in accounts of NSEL and borrowing members. So far 40 officials from the Exchange have appeared before the EOW.
Meanwhile, the EOW has arrested NSEL warehouses head Jai Bahukhandhi. This is the second arrest in the case.
According to a report from Business Standard, the income tax (I-T) department has found NSEL guilty of evading taxes of at least Rs100 crore.
Earlier on 26 August 2013, NSEL filed complaint against five of its defaulting members, Ark Imports Pvt Ltd, Lotus Refineries Pvt Ltd, NK Proteins Ltd, Vimladevi Agrotech Ltd and Yathuri Associates, before the investigation authorities. In a statement, NSEL had said it declared its nine members as defaulters when they did not complete the last pay-in. "Amongst these nine defaulting members, the exchange has initiated case for investigation against five defaulting members who did not have adequate commodities in the warehouses, which is against the mechanism specified in the Exchange circulars. Non-delivery of commodities or its withdrawal is a breach of faith and breach of contractual arrangements," the release from NSEL said.
However, Lotus Refineries said it was the first company to challenge NSEL and drag the spot exchange to Bombay High Court. "Lotus Refineries Private Ltd filed a claim suit worth Rs2,773.29 crore against NSEL in Bombay High Court for goods being in the possession of the exchange (defendant) acting in fiduciary capacity in the warehouse owned and managed by the commodity exchange," the release said.
As per the claim suit, Lotus Refineries has purchased goods worth Rs2,665.04 crore while trading on the Exchange. However, NSEL had failed to deliver goods worth Rs2,640.79 crore until this date. The Bombay HC has appointed a court receiver to take stock of the inventory of goods as set out in its complaint by Lotus Refineries against the NSEL, the release added.
The resignations by Shah and Massey come on the heels of their interrogation by the EOW of the Mumbai police
Jignesh Shah, vice-chairman and shareholder director of the MCX-SX, and Joseph Massey, managing director and chief executive have resigned from the Board of the exchange.
In a release, MCX-SX said, Thomas Mathew, former chairman of Life Insurance Corp of India (LIC) has been appointed as public interest director of the Exchange by market regulator Securities and Exchange Board of India (SEBI).
As an interim arrangement, U Venkataraman, whole-time director, will assist the Special Committee of Public Interest Directors in carrying out the functions of the exchange.
Earlier, Joseph Massey had not offered himself for reappointment on the MCX board.
Both the resignations by Shah and Massey come on the heels of their interrogation by the Economic Offences Wing (EOW) of the Mumbai police.
Meanwhile, the EOW arrested Amit Mukherjee, assistant vice president for business development at National Spot Exchange Ltd (NSEL). This is the first arrest the Rs5,660 crore NSEL scam by Mumbai police.
Mukherjee was arrested for his alleged connivance with traders and borrowers who cheated NSEL, and also for his alleged failure in protecting the interests of the organisation.