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ED gives Lalit Modi 2 weeks to appear in money laundering case

So far, the ED has investigated 15 other cases of over Rs 2,000 crore involving Modi and others under FEMA.

Written by Khushboo Narayan | Mumbai | Updated: July 7, 2015 9:05 am
Lalit Modi, Lalit Modi IPL, IPL Lalit Modi, lalit modi ipl fixing,  N Srinivasan BCCI, Srinivasan, BCCI cricket, Enforcement Directorate, Lalit Modi money laundering, Money Laundering Act, PMLA, FEMA, BCCI, India other, enforcement directorate, ED Srinivasan, Lalit Modi, Lalit Modi BCCI, Cricket News, Cricket, ipl fixing, ipl match fixing, cricket fixing, cricket news, cricket The media has not come out of ‘LaThe ED case, under the Prevention of Money Laundering Act (PMLA), is based on a criminal case registered by the Chennai Police against Modi in 2013. litgate’ well.

The Enforcement Directorate has summoned former IPL chief Lalit Modi in connection with a money laundering case registered by the agency against him.

The ED case, under the Prevention of Money Laundering Act (PMLA), is based on a criminal case registered by the Chennai Police against Modi in 2013. The agency, which served the summons to Modi through his attorney Mehmood Abdi on Friday, has given him two weeks to appear before it to record his statements.

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This is not the first time Modi has been summoned by the ED in connection with IPL investigations. Earlier, he was summoned by the agency under the less stringent Foreign Exchange Management Act (FEMA). In most of the FEMA cases, Modi, currently in the UK, recorded his statements through Abdi.

“This time around, it is mandatory for Modi to appear in person before the ED. If he fails to appear before the agency, we will proceed against him under the law,” a senior ED official said on condition of anonymity.

Under the law, if an individual does not comply with summons issued under PMLA, the ED can move a court to obtain a non-bailable warrant or even a red corner notice against the person, said a lawyer, who did not wish to be named. “There are several other options, but these two are mostly used in case of non-compliance,” he added.

The PMLA case is based on a criminal complaint filed by the BCCI in 2010 accusing Modi of misappropriation of funds to the tune of Rs 470 crore during his tenure as IPL chief. Police had registered a case against Modi and six others under different sections of the IPC.

Last week, former BCCI chief N Srinivasan recorded his statement with the ED in the case.

So far, the ED has investigated 15 other cases of over Rs 2,000 crore involving Modi and others under FEMA.

When contacted, Abdi said, “I have not received any ED summons and neither has Mr Modi.”

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  1. M
    Mohan
    Jul 7, 2015 at 8:36 am
    The HINDU dated 7/JULY/2015 confirms that this is the ".... first ever notice ..." by the ED on Lalit Modi seeking personal appearance. This being the basic fact will Congressman Jairam Ramesh, TV Anchor Arnab Goswami and Inder Malhotra explain how they had referred to Lalit Modi as a Bhagoda, wanted man fugitive etc ? It is now clear in fact very clear THAT LALIT MODI TILL DATE NEVE WAS A FUGITIVE. If that be so, the conclusion is Ms Raje and Ms Swaraj have been maligned for nothing. Many in the TV channels, print media and in the opposition owe the nation an apology for misleading the nation for the past 2/3 weeks. Lalit Modi may or may not become a fugitive in the future -- but that would be another story
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    1. o
      one_genuine
      Jul 7, 2015 at 10:26 am
      What is a blue corner notice by ED? But LaMo is not that important as is the impropriety of behavior on part of sushma and help in money laundering by vasundhra! Why bhakt gana bring LaMo in picture is to confuse the situation about these two ladies in position of power!
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      1. R
        R. Singh
        Jul 7, 2015 at 11:30 pm
        From 2009 on Congis could not arrest him or put him on Trial. Instead they gave his pport? Why are Congis now screaming for his blood?
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        1. C
          Curious onlooker
          Jul 7, 2015 at 12:03 pm
          LaMo should remain the main focus of ED not the two ministerial ladies whose folly at worst might amount to improper use of their official positions. If it was that easy to summon LaMo to appear before ED for questioning, why was it dela for so long? Or is it merely a wishful thinking of ED?
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            vyjayanthi
            Jul 7, 2015 at 9:10 am
            The ED's probe started in 2009 under FEMA regarding the payment of Rs 425 crore facilitation fees by MSM Singapore to WSG Mauritius showcase that the payments were made to unauthorised beneficiaries, not to cricket bodies -- in an illegal way. Now the agency has summoned him under PMLA. Front companies are set up to hide the ideny of the ultimate recipient of corrupt money. Money laundering and other criminal activities are effected through the front companies throughout the world. Money laundering by people like Lalit Modi should not be treated as an economic offense, since front companies in foreign countries facilitate criminal and terrorist activities -- the security of our nation is at risk. There are many layers in fronts, one hidden inside another making it difficult to trace ownerships by law enforcements. Acting as recipients of diverted money that includes government corruption, political patronage and evaded taxes they also transmit money to other places.
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