BCCI made 33 crore profit in 2005-06

The Board of Control for Cricket in India has made a profit of Rs 33 crore in the last financial year with a chunk of its income coming from media rights allocation.

BCCI treasurer N Srinivasan said on Wednesday that the Board's income over expenditure has been 29 crore more than the Rs 4 crore in 2004-05.

He said the profit is mainly because of the media rights allocation which contributed Rs 342 crores

The Board's income during the last financial year was Rs 430 crore as compared to the previous year's Rs 210 crore.

In respect of the PILCOM account maintained at the Indian Overseas Bank in Kolkata, Srinivasan said the Board's auditors report on this matter was taken into record by the Committee.

"During the course of the meeting, Board's auditor firm Billimoria and Company confirmed that Jagmohan Dalmiya was not empowered to transact or handle the PILCOM accounts, whose transactions were investigated by the Board, from the day he ceased to be the President of the Board," he said.

"The auditors informed that Dalmiya has submitted books related to the PILCOM account for scrutiny by the Billimoria and Company and had said that all those expenses were recoverable from PILCOM. Board cannot pass any judgement on the nature of expenses," Srinivasan said.