ED Seeks Red Corner Notice against Lalit Modi

ED asked CBI to issue Red Corner notice Lalit Modi over his alleged involvement in the financial irregularities in the IPL.

Published: 12th August 2015 04:23 AM  |   Last Updated: 12th August 2015 04:23 AM   |  A+A-

ED Seeks

NEW DELHI: The Enforcement Directorate has asked the CBI to issue Red Corner notice against former Indian Premier League chief Lalit Modi against whom non-bailable arrest warrant was issued last week by a Mumbai court over his alleged involvement in the financial irregularities in the IPL.

Sources in the CBI said the agency received a request from the Enforcement Directorate on Tuesday morning seeking a Red Corner notice against the former IPL commissioner as he had failed to appear before the agency despite several summons issued to him. “We have received the request and will soon issue a Red Corner notice against Lalit who is now living in the UK,” said a senior CBI official.

The CBI is the nodal agency for Interpol related affairs in India.

A Red Corner notice is issued against offenders, who can be arrested and extradited to the country where they are wanted. Once the notice is issued,  Interpol can arrest the offender in any part of the world and inform the country requesting it to take his custody for further action at their end.

An Enforcement Directorate official said Lalit had not presented himself before the agency   in the money laundering case under the Prevention of Money Laundering Act(PMLA).

The agency had filed a case under PMLA, in connection with a multi-crore television rights deal.

 The case relates to a 2008 deal between World Sports Group and Multi Screen Media for television rights of IPL worth Rs 425 crore. BCCI had filed a case in Chennai in 2010 under various Sections of the Indian Penal Code and two years later the ED registered a case under the Prevention of Money Laundering Act in the matter.

Khudiram bose  remembered

■ The 107th death anniversary of freedom fighter Khudiram Bose, who was hanged at the age of 18,  was observed on Tuesday

■ One of the youngest revolutionaries of Independence movement, he was awarded death for throwing a bomb at then Chief Presidency Magistrate Kingsford’s car

■ Though Kingsford escaped, three others were killed in the attempt

In 2008, the BCCI awarded 10-year media rights to World Sports Group for $918 million. In the same year, World Sports Group entered into a deal with Multi Screen Media to make Sony the official broadcaster.

The contract was replaced a year later with a nine-year deal where Multi Screen Media paid $1.63 billion.

The agency started a probe in 2009 under the FEMA to investigate allegations that payment of `425 crore facilitation fee by Multi Screen Media Singapore to World Sports Group Mauritius was made in an illegal way.

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