What he said:
"We were taken for a ride. I know we cannot plead before you that we did not know all this was happening. Your question would be, were you not vigilant? What did you do? I am sorry, sir, there is no defence for me. No defence in front of you. So, I am not pleading that at all. We just put our heads down."
His remarks were made to Parliament’s Standing Committee on finance when it was discovered that all cheques were signed by Srinivasan—then treasurer—and his successor, MP Pandove.
N Srinivasan's appointment as BCCI President has been conditionally cleared by the Supreme Court of India.
What he really meant:
“So what if I’m MD of India Cements. Lalit Modi outsmarted us. Believe us, we’re innocents.”
What he definitely didn’t:
“The IPL Governing Council was farcical.”