ED Summons to Lalit Modi in Money-laundering Case

Published: 07th July 2015 05:12 AM  |   Last Updated: 07th July 2015 05:12 AM   |  A+A-

NEW DELHI: The Enforcement Directorate has issued summons to former IPL chief Lalit Modi in connection with an alleged money laundering case registered against him and sought his appearance before it within three weeks.

A senior ED official said that summons were issued to Lalit through his attorney last week and he has been asked to appear in person in three weeks.

The agency had last week recorded the statement of former BCCI chief N Srinivasan in connection with the case.

The case relates to a 2008 deal between World Sports Group and Multi Screen Media for television rights of IPL worth Rs 425 crore.

The BCCI had filed a case in Chennai in 2010 under various sections of the IPC. Two years later, the ED registered a case under the Prevention of Money Laundering Act.

In 2008, the BCCI awarded a 10-year media rights contract 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 Rs 425 crore facilitation fee 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 to the cricket regulatory bodies as per the terms of the contract.


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