JIPL

NEW DELHI: Promoters of Jaipur IPL Cricket Pvt Ltd (JIPL), which owns the Indian Premier League franchise Rajasthan Royals (RR), have won major relief from the Prevention of Money Laundering Appellate (PMLA) tribunal. 

The tribunal has termed the Rs 983.5 million fine slapped on RR's promoters by the Enforcement Directorate (ED) in May 2013 as ‘untenable’ and ‘unsustainable’, and reduced it to Rs 150 million, while in the case of individual appellants, it has been struck down to nil.