ED Summons Lalit Modi On Money Laundering Case

07 July, New Delhi

The Enforcement Directorate has issued summons to ex-IPL chief Lalit Modi in connection with an alleged money-laundering case registered against him.

According to sources, summons were issued last week to Modi through his attorney. Quoting sources PTI reports that Modi has been asked to appear in three weeks and explain the charges against him.

Earlier last week, the agency also recorded the statement of former BCCI chief N Shrinivasan in the case. The case relates to a 2008 deal between World Sports Group and Multi Screen Media for television rights of Indian Premier League (IPL) worth 425 crore rupees.

BCCI, through Shrinivasan, filed an FIR in Chennai in 2010 under various provisions of the IPC, while two years later the ED registered a case under Prevention of Money Laundering Act in the matter.

The ED started a probe in 2009 under Foreign Exchange Management Act, FEMA to investigate allegations that payment of 425 crore rupees facilitation fees by Multi Screen Media Singapore to World Sports Group Mauritius was made in an illegal way.

The payments were made to unauthorised beneficiaries and not the cricketing regulating bodies as per the terms of the contract.