Caught in the middle of the IPL bids argument, corporate giants like Adani and Videocon on Wednesday stated that they had not offered any sweat equity to any union minister or their relatives to secure a T20 cricket team.

There had been reports that the bid documents of the two biggies were missing when IT administrators paid a visit to Indian Premier League offices the previous week in the middle of accusations that the corporate houses had offered sweat equity to politicians to settle the contract.

A top officer of Gautam Adani-led Adani Group stated that Adani Enterprises was to possess 100% in the team. It never offered any sweat equity to anyone.

He was answering in response to a question of whether the bid contained provision for sweat equity to a union minister or his relatives.

Formerly, the Gujarat-based group issued a declaration stating that it was in possession of copies of its bid for IPL authorization and was prepared to share it with the authorities questioning supposed irregularities in the cricket franchise auction.

Adani stated that its bid papers for the first round had been supplied to them unopened by IPL as the round was called off.