3 January 1945 |
Kallidaikurichi, Tamil Nadu, India
|Education||BSc, PG Diploma|
|Alma mater||Loyola College, Chennai
Illinois Institute of Technology
|Occupation||MD of India Cements Limited|
|Title||Chairman of International Cricket Council.|
|Parents||T. S. Narayanaswami|
Narayanaswami Srinivasan (born 3 January 1945) is an Indian industrialist. He is the former President of the BCCI, the governing body for cricket in India and currently the newly elected chairman of International Cricket Council (ICC). He is also the managing director of India Cements Limited.
Srinivasan is being investigated in several scams, including one involving betting on IPL cricket matches, where his son-in-law has been indicted for passing inside information to bookies and is in jail . He is also being investigated as a major investor in the massive corruption surrounding Jagan Mohan Reddy     In March 2014, the Supreme Court of India ordered him to resign from the BCCI to facilitate investigations in the betting scam, observing that it was "nauseating" that he was continuing in office.
Early life and education
Srinivasan was born at Kallidaikurichi, Tirunelveli district, Tamil Nadu in a Tamil Brahmin family. He is the son of T. S. Narayanaswami, one of the first employees of India Cements. He holds a BSc (Tech) from Loyola College, Chennai and Master of Science degree in Chemical Engineering from the Illinois Institute of Technology, Chicago, USA
Narayanaswami Srinivasan is married to Chitra Srinivasan and the couple have two children: Rupa and Ashwin. Srinivasan's younger brother, N Ramachandran is also involved in sports administration as the head of the Tamil Nadu Squash Rackets Association, president of the Indian Olympic Association and the chief of World Squash Federation. Srinivasan has a strained relationship with his homosexual son, Ashwin. In 2012, Ashwin accused Srinivasan of physically and mentally harassing him and his partner, Avi Mukherjee because of their homosexual orientation. N Srinivasan was also accused of using his immense clout to get Ashwin beaten up by the police in a Mumbai restaurant in 2012.
He was introduced to cricket administration by former BCCI president A. C. Muthiah. He was the Secretary of the BCCI before becoming the current President, taking over the reins from Shashank Manohar, in 2011. His company India Cements owns Indian Premier League (IPL) franchise team Chennai Super Kings and he is the president of the Tamil Nadu Cricket Association (TNCA). Srinivasan is also the President of the Tamil Nadu Golf Federation and the All India Chess Federation
Srinivasan took over as vice-chairman and managing director of India Cements Limited in 1989. N. Srinivasan made a hostile takeover bid to Andhra Pradesh based Raasi Cements in 90's and merged with India Cements.Later he made a bid for Yerraguntla plant of the public sector Cement Corporation of India (CCI) and annexed it to India Cements.
He served as the President of the Madras Chamber of Commerce and Industry from 1996 to 1998 and is a member of the Executive Committee of Federation of Indian Chambers of Commerce and Industry (FICCI). Between 1991 and 2006, he was the President of the Cement Manufacturers' Association for five terms and chairman of the board of Governors of the National Council for Cement and Building Materials (NCCBM) for four terms between 1991 and 2006. He was also the Chairman of Development Council for Cement Industry (DCCI) constituted by the Government of India for two terms from 1992 to 1996. Srinivasan was also the President of The Madras Chamber of Commerce and Industry (MCCI) for two terms between 1996 and 1998. In 2000–2001, he was President of the All India Organisation of Employers. He was also a member of the Prime Minister's Council of Trade and Industry (1996–2001). N.Srinivasan was the Sheriff of Madras for two terms during the period 1989 to 1991.
Until September 2008, BCCI regulation, Clause 6.2.4 stated that "no administrator of BCCI could have had, directly or indirectly, any commercial interest in the matches or events conducted by the cricket board". Later, after the start of IPL in 2008, the clause was amended to give unfavorable benefit to BCCI members such that they can own stakes in the IPL franchise.
In 2013, under the massive Indian Premier League Spot fixing controversy, N.Srinivasan's son-in-law and CSK team principal Gurunath Meiyappan was arrested by Mumbai Police under the involvement in heavy betting and trading of inside information to bookies. Despite media and national outrage asking for his resignation, he remained defiant. But ultimately, he stepped aside on 2 June 2013 and appointed Jagmohan Dalmiya as the interim president. On 27 September, Supreme Court restrained him from holding the post of BCCI President until its further orders. On 8 October 2013 Supreme Court allows N. Srinivasan to take charge as BCCI President.
On 10 February 2014, a report submitted by the retired High Court Chief Justice Mukul Mudgal-led committee, indicted Mr. Srinivasan's son-in-law, Gurunath Meiyappan of illegal betting and passing on sensitive match-related information to bookies during IPL 2013. The evidence included a taped conversation where The 170-page report also stated that Srinivasan's company, India Cements was liable for Meiyappan's actions and that the Chennai Super Kings franchise was in violation of the franchise agreement, which may result in the termination of the Indian Premier League franchise. On 21 March, Meiyappan's voice was found to match a tapped phone conversation discussing match fixing activities
On 25 March 2014 the Supreme Court of India told N. Srinivasan to step down as BCCI president so that a fair investigation may be conducted. The court found it "nauseating" that he should hold on to the post despite various courts censuring him.
Investment in Jagan Mohan Reddy corruption cases
Srinivasan was one of the main investors in several of Jaganmohan Reddy's "suitcase companies" and is a subject of investigation in the Rs. 3000 crore corruption case. It is charged that his India Cements had invested more than a hundred crores in Jagan's Bharti Cement, in return for quid pro quo favours granted while Jagan's father Y.S. Rajasekhara Reddy was the Chief Minister of Andhra Pradesh (between 2004 and 2009). The Central Bureau of Investigation (CBI) is of the opinion that Srinivasan's company, India Cements allegedly invested Rs.140 crore into Jaganmohan's businesses in return for the benefits it received from the then government. He has appeared in front of the special CBI court repeatedly in this massive corruption case.
- Pawar, Yogesh (2013). "Gurunath Meiyappan always had links with bookies of Chennai, Dubai, reveals N Srinivasan's son". zeenews.india.com. Retrieved 30 May 2013.
- PTI (10 February 2014). "BCCI chief Srinivasan's son-in-law Meiyappan involved in betting: Report in SC". Times of India. ...a major embarrassment to BCCI president N Srinivasan, his son-in-law Gurunath Meiyappan's role in CSK as team official... "the allegations of betting and passing of information against Meiyappan stand proved," a report of the three-member committee headed by former Punjab and Haryana Chief Justice Mukul Mudgal said.
- "Meiyappan placed heavy bets on IPL matches". The Hindu. 25 May 2013.
- U. Sudhakar Reddy (26 May 2013). "Srinivasan must be arrested in Jagan scam: Legal experts".
- "IPL issues won’t hurt India Cements’ profitability, assures MD". The Hindu. 5 June 2013.quotes Srinivasan as saying: "India Cements had invested in Bharti Cement owned by [check quotation syntax]Jagan Mohan Reddy with the expectation that it would have an opportunity to buy the company when the previous owner exited." Eventually, when the French firm Vicat made a higher bid for Bharti cement, Srinivasan exited sold "his stake at a profit."
- "CBI summons BCCI chief in Jagan case". 8 June 2012.
- "Andhra: Jagan to move SC today". Indian Express. 16 August 2011. "India Cements and Dalmia Cements had invested about 95 crore each and made Rs 150 crore each. Similarly, Prasad had invested Rs 265 crore and made Rs 550 crore."
- TNN (1 May 2010). "ICL, Dalmia exit Bharathi Cements". Times of India.quote: "We had invested Rs 93 crore in the company and have sold our stake at Rs 117 crore" officials at India Cements said.
- Utkarsh Anand (26 March 2014). "SC gives BCCI an ultimatum: Srinivasan should quit or we will pass a verdict". Indian Express. Justices A K Patnaik and FMI Kalifulla: "unless the President of the BCCI steps down, no fair decision can be taken. Why is Mr Srinivasan sticking to his chair? It is nauseating... Srinivasan should step down else we will pass a verdict,"
- "Who is N Srinivasan?". NDTV. Retrieved 12 February 2014.
- "Srinivasan's brother N Ramachandran elected unopposed as IOA president". The Times of India. 9 February 2014. Retrieved 12 February 2014.
- Kumar, Krishna (23 May 2012). "Gay and harassed: BCCI chief's son says 'homophobic' dad set up police assault on him and lover at Mumbai bar". Daily Mail. Retrieved 12 February 2014.
- Pawar, Yogesh (21 May 2012). "BCCI chief goes after gay son with a straight bat". DNA. Retrieved 12 February 2014.
- "N Srinivasan: Things you didn't know about BCCI President". Dainik Bhaskar. 22 May 2013. Retrieved 12 February 2014.
- "BCCI chief's gay son harassed by father?". Hindustan Times. 23 May 2012. Retrieved 12 February 2014.
- Bhutia, Lhendup. "‘BCCI President’, ‘Srini Sir’, ‘Psychopath’". Open. Retrieved 12 February 2014.
- Chakraborty, Krishna Kanta (2013). "It was a huge mistake to bring Srinivasan into administration: AC Muthiah – The Times of India". indiatimes.com. Retrieved 30 May 2013. "Former BCCI president AC Muthiah, who first recommended present BCCI chief Srinivasan for the post of Tamil Nadu Cricket Association president years ago"
- "N. Srinivasan". Retrieved 22 June 2012.
- "Profile of N. Srinivasan". India Cements.
- "Melting Cement". Outlook.
- "BCCI top brass feels fixing heat". Times of India. 24 May 2013.
- "Apex Court restrains N Srinivasan from being President of BCCI". Retrieved 27 September 2013.
- "India Cement failed to ensure Gurunath Meiyappan adheres to rule: Panel". The Economic Times. 11 February 2014. Retrieved 11 February 2014.
- "IPL match-fixing scandal: Gurunath Meiyappan indicted, BCCI chief N Srinivasan plea rejected". The Financial Express. 10 February 2014. Retrieved 11 February 2014.
- "IPL spot-fixing: Srinivasan's son-in-law Gurunath Meiyappan indicted". The Economic Times. 10 February 2014. Retrieved 11 February 2014.
- "IPL probe: MS Dhoni role in N. Srinivasan, Gurunath Meiyappan case leaves taint". The Financial Express. 11 February 2014. Retrieved 11 February 2014.
- "ICC boss N Srinivasan's son-in-law faces betting probe". Sky Sports. Retrieved 11 February 2014.
- PTI (21 March 2014). "IPL betting: Gurunath Meiyappan, Vindoo Dara Singh's voice samples match with tapped conversation between them". voice samples matched with the tapped telephonic conversation in which they were purportedly discussing matches and betting activities, police said on Friday.
- "Supreme Court tells N. Srinivasan to step down as BCCI president for fair IPL scam probe". NDTV. Retrieved 25 March 2014.
- "For fair probe, BCCI chief N Srinivasan must step down: Supreme Court". Daily News and Analysis (DNA). 25 March 2014. Retrieved 25 March 2014.
- "N Srinivasan, BCCI President, must step down for fair probe in IPL fixing case: Supreme Court". The Economic Times. 25 March 2014. Retrieved 25 March 2014.
- "Apex court: N Srinivasan must step down for fair probe into IPL case". The Hindu Business Line. 25 March 2014. Retrieved 25 March 2014.
- "BCCI chief N. Srinivasan should quit for fair IPL probe: Supreme Court". LiveMint. 25 March 2014. Retrieved 25 March 2014.
- "Jagan, N Srinivasan appear in CBI court over investments case". 3 December 2013.
- "BCCI chief N Srinivasan appears before CBI in Jagan case". 18 June 2012.
- "Jaganmohan Reddy case: India Cements MD N. Srinivasan appears before court". The Financial Express. 12 February 2014. Retrieved 13 February 2014.
- "BCCI chief appears in court in Jagan case". Business Standard. 12 February 2014. Retrieved 13 February 2014.