Arrest warrant issued against Lalit Modi

MUMBAI: A special court here issued an ar-rest warrant Wednesday for exiled former cricket boss Lalit Modi over allegations of money laundering linked to a lucrative televi-sion deal, an official said.

The court in the financial capital Mumbai granted the non-bailable warrant after ex-Indian Premier League chairman Modi failed to answer a summons ordering his return from London to face corruption allegations.

A senior Enforcement Directorate officer confirmed to AFP via text message that the warrant had been issued by the court, which hears money laundering cases.

“Yes, we have received the warrant for Lalit Modi’s ar-rest,” the official from India’s financial crimes investigat-ing agency, said on condition of anonymity.

Modi was instrumental in founding and overseeing the money-spinning Twenty20 IPL in 2008 before fleeing to London two years later when tax and financial crime au-thorities raided his premises.

Enforcement Directorate officers want to speak to him in connection with allegations that proceeds from the TV deal were funnelled to unauthorised beneficiaries in Sin-gapore and Mauritius.

The Multi Screen Media (MSM) of Sony Entertainment paid a facilitation fee of 4.25 billion rupees ($67 million) to the Mauritius arm of World Sports Group (WSG) as part of a contract for taking over broadcast rights to the IPL.

The Enforcement Directorate is probing if part of this fee was allegedly siphoned off to unknown individuals, at the behest of Modi who was then IPL chairman.

Modi has more recently been embroiled in controversy with Foreign Minister Sushma Swaraj who is under pres-sure to resign over her role in helping him gain a passport in Britain.

Modi was removed as chairman in 2010 and later banned for life from holding any positions in the sport by the powerful Board of Control for Cricket in India (BCCI).

Modi has consistently denied all accusations against him.

Since its launch, the IPL has been mired in a series of corruption and betting scandals in cricket-loving India.

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.



Observer News Service

Leave a Reply

Your email address will not be published.