It has so far seen one ministerial resignation, allegations of corruption, involvement by prominent cabinet ministers, match-fixing, backdoor dealings, hawala investments, tax evasions, sex scandals, and maybe more one doesn't know about.
Taxmen have already conducted raids at offices of the IPL and franchisee offices, and has hinted at major financial irregularities.
Even as the raids and allegations continue, the country's opposition has demanded the immediate setting up of a Joint Parliamentary Committee to probe the IPL controversy.
The government too has not ruled out the forming of the JPC, and has already started investigation into the allegations.
Do you think the IPL row needs a JPC? Among the well known cases that the JPC probed were the Bofors scandal in the late 1980s -- but that pertained to a national issue that involved governmental malfeasance -- the stock market crash in 2001, and the Unit Trust of India scam, also in 2001.
Since then we have seen many corruption scandals, including the recent one in the telecom ministry, but which have not been probed by a JPC.
Is the government merely trying to deflect attention by invoking the JPC? Or is there a real need for a JPC to go into the IPL? Do you think it will achieve anything?
Tell us what you think in the message board below!
Image: Member of Parliament Shashi Tharoor with IPL commissioner Lalit Modi