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Michael Holding alleges Cricket West Indies of misusing donations

Former West Indies pacer Michael Holding accused Cricket West Indies of misusing the fund donated by a source and BCCI. The former pacer said that the board took questionable financial decisions to waste the money. 

Reading content from a ‘confidential’ audit report of Pannell Kerr Foster (PKF), Holding listed out several pointers in an interview on YouTube.

“Former president to prime ministers have been calling for forensic audit over the governance in cricket in the Caribbean. The current regime did not do a forensic audit, but they did an audit. They had the report in January, but they never released it. The 60-page audit report does not look good. It is a damning and and harsh report. I want to delve into it. I picked three reports,” he said.

According to the report Holding read, CWI received funds of US$134,200 from a sponsor and half a million from BCCI. The sponsor’s amount was to develop cricket in Dominica. 

“On August 8, 2018, the CWI received $1,34,0200 on behalf of Dominica Cricket Association from a third party which appears to be an off-shore corporation. In this particular situation, CWI was a  financial conduit. This money was paid over to DCA in three tranches – USD 104,100 on November 16, 2018, USD 15,700 on August 2 2019, and USD 14,400 on September 21, 2019,” he quoted the report.

“What due diligence was performed to ensure that the source of the funds was legitimate and that the funds were clean from an anti-money laundering compliance perspective?

“We have become aware of several matters that cause consternation with respect to whether things were done in the best interest of Cricket West Indies,” Holding quoted the report as saying.

“They can claim confidentiality if they are a private company. You cannot claim to be a private company if you have public share-holders. The share-holders of CWI are six regional boards. They are hiding behind a clause to not release the report,” he said.

“I am not accusing them of laundering money, nor does the auditor. But I find one particular transaction not above board. Things like this should be above board and no one can be accused of anything.”

Holding touched upon the donation money from BCCI to help past West Indies players.

“One other item I am going to touch upon along with  others in the next show. In 2014, the BCCI donated half a million dollars to WICB to help past players. It was a donation by the BCCI. I am a past player, and I am not saying I want any of it. But I know a lot of past players who have not heard one cent of the half a million dollars going to any of them. I am absolutely sure  if they had done that, they would have made a big hullabaloo about it. Where is that half a million dollars? I will tell the viewers in the next show.”

About Rohit Sankar

Rohit Sankar is a freelance cricket journalist stuck in a love-hate live-in relationship with the game. To rile him up, mention the 1999 World Cup semi-final. Rohit has been writing about cricket for well over 10 years now, and has written for a variety of news and sports outlets over this time.

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