PCB chief points out financial irregularities in the past

LAHORE - PCB Chairman Ijaz Butt has pointed out massive financial irregularities in the past and the PCB would do all possible efforts to make the game worthwhile at domestic as well as at international level.
In a statement here Friday, he thanked to the honorable members of sub-committee of National Assembly sports committee after their two-day meeting here at the National Cricket Academy on Nov 25-26.
He reemphasised his resolve to continue to make every possible effort for the improvement of the game in the country and to make a strong impact internationally.
In his follow up statement, Butt said that there had been massive financial irregularities in the past and those were brought to the notice of honorable members of the committee. "It was the remarkable openness of the current PCB management that has made all these facts come out in the public domain.
"Whether it was the public accounts committee of the National Assembly or the Standing Committee on sports, the current PCB management has been cooperative at every step and has provided all the details of how the board was made to suffer because of the arbitrary and unaccounted actions of former managements. It was the current management that pushed forward with the auditing of accounts and their subsequent release," he said.
"Expenditure on the 2008-2009 budgets, which was approved under former administration, was cut to half of the approved amount, saving over a billion rupees. The budget on 2009-2010 also stands on less than half of the amount of approved budget of the last year. It was done by carrying out a comprehensive cost cutting in all financial matters by cutting expenditures, streamlining staffing, and adopting a policy of austerity in all matters of the board during his term," he said.
It is pertinent to mention here that this is in direct contrast with the previous PCB managements from 2003-2008 when the expenditure of the board increased manifold in every subsequent year. The previous PCB managements from 2003-2008 increased the financial burdens by paying hefty salaries and perks to the management, investing in suspicious projects and throwing the money around without any proper procedure and accountability mechanism. LINK