ED e-Mails Summons To Lalit Modi In Money Laundering Case
09 July, New Delhi
Enforcement Directorate has e-mailed a copy of the summons to ex-IPL chief Lalit Modi. ED officials informed that the copy was sent to the him after his lawyer refused to accept summons and returned it on Tuesday.
The officials on Friday last issued summons to Modi in a money-laundering case registered against him, seeking his presence at its office within three weeks. The case relates to a 2008 deal between World Sports Group (WSG) and Multi Screen Media (MSM) for television rights of Indian Premier League (IPL) worth Rs 425 crore.
In 2008, the BCCI had awarded media rights for ten years to WSG for 918 million US dollar. WSG entered into a deal with the MSM to make Sony the official broadcaster. The contract was replaced a year later with a nine-year deal where MSM paid 1.63 billion dollar.
The ED started a probe in 2009 under Foreign Exchange Management Act to investigate whether payment of Rs 425 crore facilitation fee by MSM Singapore to WSG Mauritius was made illegally.