Mumbai court issues non-bailable arrest warrant against former IPL boss Lalit Modi

Lalit Modi may now be issued a red corner notice by the ED.

Written by Khushboo Narayan | Mumbai | Updated: August 6, 2015 6:45 am
lalit modi, lalit modi warrant, lalit modi row, lalit modi controversy, lalit modi non-bailable warrant, lalit modi NBW, Indian Premier League, IPL, lalit modi IPL, Enforcement Directorate lalit modi, ED lalit modi, india news, india cricket, cricket controversy, india cricket controversy, indian express news Former commissioner of the Indian Premier League (IPL) Lalit Modi (Source: File)

A Mumbai court on Wednesday issued a non-bailable warrant against former commissioner of the Indian Premier League (IPL) Lalit Modi in an ongoing money laundering investigation by the Enforcement Directorate (ED).

The special court was hearing a petition filed by ED seeking a non-bailable warrant against Modi, in connection with a criminal investigation. The agency had moved court on July 27 after Modi failed to respond to summons issued by ED in a case registered against him under the Prevention of Money Laundering Act or PMLA.

Sessions court judge PR Bhavake said it is a fit case to issue warrant as Modi has not co-operated with the agency despite being summoned three times for the investigation.

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The non-bailable warrant will now pave the way for ED to issue a red corner notice against Modi as he is based out of UK.

The court on Wednesday also observed that, Modi has not responded to summons in two old cases under Foreign Exchange Management Act (FEMA).

modiOn July 3, the enforcement agency summoned Modi and directed him to appear in person before the ED within 15 days. The deadline for personal appearance expired on July 19.

The ED summons were first served to Modi through his Mumbai solicitors, Wadia Ghandy & Co on 3 July. However, the law firm returned it to ED saying that it was not authorised to receive the summons.

The enforcement agency on July 7 sent the summons to Modi through email. Later the agency pasted the summons at Modi’s last known office address at Worli in Mumbai. But Modi has maintained that he has not received any summons from ED.

ED in court contended 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.

The PMLA case against Modi is based on a criminal complaint filed by the BCCI in 2010, accusing him of misappropriation of funds during his tenure as IPL chief.

The ED has sought details from Modi on his role in the deal between World Sports Group, Mauritius and Multi Screen Media Singapore (MSMS). According to the ED petition, in 2008, BCCI awarded 10-year media rights to WSG India for $ 642 million and MSMS for $276 million for certain geographies.

In March 2009, Modi terminated the contract with MSMS for violating some rules and signed a fresh agreement with WSG Mauritius without following any tender process.

The deal was for Rs 4792 crore for 9 years. Later that month, BCCI entered into contracts with MSMS under which the latter would pay the cricket body Rs 3949 crore for match broadcast right. MSMS also signed a contract with WSG Mauritius for a Rs 425 crore facilitation fee, which the BCCI later claimed should come to it.

According to ED, Modi “was not authorized to terminate the media rights contract with …MSMS.” He also didn’t follow any tender process or obtain approval from the IPL governing council for signing the deal with WSG Mauritius.

The ED’s petition also said Modi caused loss of crores of rupees in a transaction where he was appointed “without any written contract and without following any tender process” for exploiting the time between deliveries for ad rights. It also said the BCCI was cheated of Rs 3.5 crore by the manner in which Modi hired some security apparatus.

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  1. R
    Rekha joshi
    Aug 5, 2015 at 3:23 pm
    Bring him to India and implement capital punishment on him.send him jail for 15 years.Lalit modi bhagoda,coward.....
    1. T
      Aug 5, 2015 at 12:31 pm
      Bansuri will tell her client not to return
      1. A
        Ashok V
        Aug 5, 2015 at 2:44 pm
        High time acts of high value economic frauds be defined as Economic Terrorism and the convicted be compulsorily awarded stiff jail sentences of over 12 years. And the rarest of rare cases of Economic Terrorism be exiled away from the country indefinitely.
        1. S
          Aug 5, 2015 at 12:12 pm
          Let the man be brought to the country. It will give the other namesake to open his mouth on a relevant issue in his man ki bath to the nation.
          1. A
            Aug 5, 2015 at 6:06 pm
            Yes .................... bring the PARROT to INdia ..........w PArliament awaits his singing "Poly wants a cracker"
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