'BCCI top officials should disclose shareholding interests'

Chennai, Jan 22: The Supreme Court in its judgment in the BCCI betting and spot fixing case Thursday has rightly disregarded the corporate veil worn by the India Cements Limited while barring its managing director N. Srinivasan from contesting the election to the Indian cricket board's governing body presidency, said an apex court advocate. He also said the top officials of the Board of Control for Cricket in India (BCCI) now have to disclose their shareholding interests to the cricketing body. They should abstain from any decision-making process of the BCCI which may have a bearing on Indian Premier League (IPL) teams. "The judgment of the Supreme Court is the reiteration of the proposition that one cannot get away by wearing the corporate mask, and courts can lift the veil of corporation, when the occasion demands," D. Varadarajan, a Supreme Court (SC) lawyer specialising in company, insurance and competition laws told IANS over phone from New Delhi.