"Knowing Dalmiya does not and should not become a charge against any channel including Zee TV. All the charges against Zee are uncalled for, unfounded and unwarranted," Zee said in an official release.

Zee clarified that it had made a bid of $425 as minimum granted sum in the first round for telecast rights of the two World Cups and other cricket tournaments from the ICC.

Zee also offered to share revenues in excess of $425 million on a different slab basis with the objective of further enhancing the offer price to ICC.Zee made an offer of a separate sum for Internet and merchandise rights of the cricketing rights. "We had submitted this bid well in time on the designated date, in the designated hours and with the designated officers, in full compliance of rules and proceedings of ICC which is a matter of record and evidence," Zee clarified.

ICC bidding is a highly transparent process. "Who can believe that one member of the board whether he is president or secretary or executive member could sway the vote in favour of just one bidder with the results of the final winners as yet to be announced. Truly, the winner is based on who offers the highest value and takes the biggest risks and offers the highest cash flows. Surely, the grant of bid is not based on any discretionary parameters," Zee added.

ICC later clubbed the Internet rights with the telecast rights of all of the two World Cups (2003 and 2007), four knock-out series and two under-19 contests, plus ICC Trophy.

In consideration of Internet and merchandise rights, Zee enhanced the bids from $425 million to $600 million in response to the second call of ICC. "Here again Zee's bid was submitted in time, which is in evidence. This bid, too, is in full compliance of rules, regulations and procedures, both with regard to time and format as prescribed by ICC," Zee said.