New Delhi, India: March 27, 2008 – IR Summary - Former BCCI president Jagmohan Dalmiya, has been arrested on Wednesday on charges of misappropriation of some funds as per Mumbai Crime Branch, who filed charge sheet against him.

However, the former BCCI chief was released on bail of Rs. 25,000/-.

The Crime Branch has charged Dalmiya of misappropriation of funds to the tune of Rs 2.9 crore.

The case was investigated and registered at the behest of BCCI in March 2006.

The Economic Offences Wing of the Crime Branch found some evidence that Dalmiya diverted funds meant for legal fees to other expenses including payment of personal phone bills.