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Lalit Modi case: ED gets cash trail info from Mauritius, Singapore

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by October 29, 2016 General
MUMBAI: The Enforcement Directorate is getting closer to Lalit Modi in the alleged Rs 125 crore money laundering case related to the allotment of broadcasting rights for IPL matches in 2009.

The agency recently received the money trail details of the companies and individuals involved in the case from Mauritius and Singapore. Officials said that the documents revealed various crucial details of the transactions. The agency is in the process of sending another Letters Rogatory (letter of request) to Mauritius and Singapore asking for more crucial details to establish the former IPL chief ‘s direct connection with the suspicious transactions.

The money laundering case is connected with a complaint filed by former BCCI president N Srinivasan against Modi in 2010. Srinivasan charged Modi and others with misappropriation of Rs 425 crore while allotting broadcasting rights of IPL matches in 2009. It was alleged that Modi got Rs 125 crore from the deal.

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