Prime Minister Manmohan Singh today promised effective action in the IPL issue if any wrongdoings were found during investigations.
"There was a discussion on this issue in Parliament and the Finance Minister also gave a reply. He said that the Finance Ministry is investigating the issue and if anything comes out of it, then we will take effective action," Singh said when asked to comment on alleged black money involved in the Twenty-20 cricket league.
After a public spat between former minister Shashi Tharoor and suspended IPL Chief Lalit Modi, the issue was discussed in Parliament during the second half of the Budget session.
There were allegations that black money was also invested in the IPL teams.