India

Special court issues non-bailable warrant against Lailt Modi

5 Aug 2015 | By Siripriya
Lalit Modi's tussle with Enforcement Directorate

Following ED's plea, special court in Mumbai issued a non-bailable warrant against Lalit Modi in an ongoing money laundering investigation.

ED in court argued that Modi is a "potential accused" and under the law a designated court has the power to issue a non-bailable warrant for the purpose of investigation.

This will pave way for a red corner notice (international arrest warrant) against Modi.

In context: Lalit Modi's tussle with Enforcement Directorate

ChargesCharges against Lalit Modi

The charges against Modi include - criminal case filed by the BCCI, pertaining to misappropriation of funds worth Rs. 460crore including broadcast and internet rights (Rs. 425crore), player security fee (Rs. 15crore) and airtime value (Rs. 20crore).

The ED notice was for administering an account in South Africa without FEMA clearance and for dealings related to contracts awarded during IPL2 in South Africa.

17 Feb 2015ED issues FEMA notice to Lalit Modi

The ED issued a show cause notice for FEMA violation to the tune of Rs. 425crore to several officials of the IPL and BCCI.

The ED alleged that the BCCI, Srinivasan, the IPL and its then chairman Lalit Modi, Chief Operating Officer (COO) Sunder Raman, World Sports Group (Mauritius) and Multi Screen Media (Singapore) contravened foreign exchange laws while awarding media rights in 2009.

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ED probe: Lalit Modi guilty of FEMA violations

In a probe related to irregularities in awarding IPL media rights, ED in June 2015 concluded that Lalit Modi, along with a few other officials of BCCI, had allegedly violated provisions of Foreign Exchange Management Act (FEMA).

5 Aug 2015Special court issues non-bailable warrant against Lailt Modi

Oct-FebLalit Modi is RCA chief, owns 3 IPL franchises

The ED continued its pursuit of Lalit Modi, asking the Home Ministry to initiate extradition proceedings against him.

In December, after RCA Vice President Amin Pathan withdrew his no-confidence motion against Modi, he was reinstated as the Chief of the Rajasthan Cricket Association.

In February, an activist filed a report alleging that Lalit Modi was a proxy owner of 3 IPL franchises.

Feb-SepGovt waivers on extradition, LaMo applies for St Lucia citizenship

External Affairs Minister Sushma Swaraj revealed that India is yet to approach the UK regarding the extradition of Lalit Modi.

Meanwhile, Lalit Modi applied for citizenship to the Caribbean tax haven of Saint Lucia, according to sources.

However, spelling trouble for him, the Interpol approached the ED seeking details of all cases pending against Lalit Modi in India.

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30 Oct 2016ED unearths Mauritius-Singapore cash trail in Lalit Modi case

The ED has uncovered a cash trail connected to Lalit Modi's money laundering case, which had operations in Singapore and Mauritius.

Officials said that the documents recovered give various details of transactions and that the information is being catalogued into evidence.

The agency will now send Letters Rogatory (letter of request) to Mauritius and Singapore asking for more details.

28 Mar 2017Lalit Modi claims Interpol removed him from red notice category

Former IPL Commisioner Lalit Modi on Instagram claimed that Interpol had denied India's request of issuing a red notice to Modi.

The ED had alleged that Lalit cheated BCCI-IPL while permitting overseas telecast rights of the tournament in 2009.

According to the post, Modi was on a flight to Barcelona when he got the news.

Overwhelmed with gratitude, he thanked his family and well-wishers.