PCB pays Rs 120 million fine to BCCI
As per orders from the International Cricket Council (ICC), the Pakistan Cricket Board (PCB) has paid Rs. 120 million to the Board of Control for Cricket in India (BCCI).
Pakistan have faced a huge embarrassment as they had to pay Rs 120 million to the Indian cricket board. ICC ordered PCB in December last year to bare 60 percent of the cost incurred by BCCI during the two boards’ legal battle over a bilateral series agreement.
The incident started when the Indian cricket board denied visiting Pakistan as per ‘the agreement’ PCB claimed was signed in 2014. Both the boards tried to sort it out mutually, and upon failure, former chairman PCB decided to take the matter to ICC’s dispute panel and demanded a $71 million compensation.
After hearing the case for three consecutive days and after a month of hearings, the court ruled in favour of BCCI. And according to the rules of ICC, the losing party was supposed to bear the 60 percent legal cost of the opposition side.
As per the latest reports, PCB has paid out Rs. 120 million out of the total cost Rs. 200 million, whereas, the Indian board will bear the rest of the expenses.
Meanwhile, Pakistan is also due to pay 60 percent cost to ICC that incurred during the process. The governing body of PCB has approved an amount of Rs. 121.2 million for the payments to ICC.