ED moves court for non-bailable warrant against LaMo

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Mumbai:The Enforcement Directorate (ED) has moved  a special court in Mumbai on Monday to obtain a non-bailable warrant against former IPL Czar Lalit Modi, for non-compliance of the summons issued by the agency, according to ED sources.

On July 3, the ED had given Modi 15 days to appear before it, in person, in connection with a case registered under the Prevention of Money Laundering Act (PMLA). 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.

The ED has sought details from Modi on four charges, including his role in the deal between World Sports Group (WSG), Mauritius and Multi Screen Media (MSM), Singapore. In 2008, BCCI awarded 10-year media rights to WSG for $918 million. WSG then entered into a deal with 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.
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