NEW DELHI, Jan 23: India will hand over money owed to the Pakistan Cricket Board (PCB) from the 1996 World Cup, an Indian cricket official said on Monday.

The Board of Control for Cricket in India (BCCI) has been holding around $4 million belonging to the Pakistan-India-Sri Lanka Committee which organised the 1996 World Cup.

This was due to long-pending tax cases in India, some of which are yet to be settled, Indian board treasurer N.Srinivasan told reporters.

“Pending the resolution of the income-tax matters, their (Pakistan’s) portion of the money would be released on the PCB furnishing a suitable guarantee,” he said.—Reuters