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No missing millions in Cricket South Africa's coffers


December 3, 2011 - Pretoria

There are no missing millions in the Cricket South Africa's coffers, a CSA official told a ministerial inquiry on Friday.

Nassei Appiah, CSA chief financial officer, said in Pretoria that Rand 68 million had not gone missing, as previously alleged by former CSA president Mtutuzeli Nyoka.

The money was held as running costs for the 2009 Indian Premier League, which was hosted by CSA.

"Funds had been transferred from the BCCI (Board of Control for Cricket in India), both from India and income that they had generated locally, which was around R425 million," Sports 24 quoted Appiah, as saying.

He added: "CSA had incurred expenditure on behalf of the BCCI, including the hosting fees of about Rand 435 million. So the balance sheets reflected an asset of an amount due from the BCCI of Rand 10 million.

"We have a balance sheet for 2009 and 2010, with 2009 showing a liability of R74 million and 2010 showing an asset of R10 million," Appiah said.

"Someone (Nyoka) took the difference between the two and alleged that the movement was missing funds."

Appiah said Nyoka made assumptions which were false.

ANI

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