Non Bailable Warrant issued against Lalit Modi

0
162

Mumbai: A Special court in Mumbai has issued a non-bailable warrant against former IPL Czar Lalit Modi in charges related to money laundering based on Enforcement Directorate's plea. The warrant will now be sent to United Kingdom's Ministry of Home Affairs, according to media reports.The special court for Prevention of Money Laundering Act cases had on Tuesday reserved its order.

ED moved the court last week seeking a non-bailable warrant after Modi did not respond to the summons sent to him. Special judge P R Bhavake on Tuesday sought to know why the agency was not arresting him and had sought NBW and whether a warrant can be issued during the investigation.
ED's lawyer Hiten Venegoankar said Lali Modi was not available in India, hence an NBW should be issued. Modi had not complied with the summonses issued to him since 2009, he claimed.

Last month, the court had issued letters rogatory (LR) to Singapore and Mauritius, seeking assistance from authorities there in the case. BCCI registered an FIR in Chennai against Modi in 2010. In 2008, the cricket body had awarded 10-year media rights to WSG for USD 918 million. WSG then entered into a deal with MSM to make Sony the official broadcaster. The contract was replaced later with a nine-year deal where MSM paid WSG USD 1.63 billion.In 2009, ED started a probe under Foreign Exchange Management Act (FEMA) to investigate the allegation that payment of Rs 425 crore facilitation fee by MSM Singapore to WSG Mauritius had been made in an unauthorised manner.

-----
Previous articleRoad accident in Egypt kills 6
Next articleChinese Actress’ freezing of Egg in US welcomes social media debate