politics
Tribunal clears Lalit Modi of FEMA violation in 2009 IPL South Africa case
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A New Delhi tribunal overturned an Enforcement Directorate penalty against Lalit Modi and others for alleged FEMA violations during the 2009 IPL event in South Africa.
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Tribunal clears Lalit Modi of FEMA violation in 2009 IPL South Africa case
The appellate tribunal ruled that the ED's penalty order lacked merit, providing relief to Modi, the BCCI, and other accused parties. The case stemmed from financial irregularities during the tournament's overseas leg.
Tribunal overturns most FEMA charges against Lalit Modi and BCCI
The tribunal’s July 21 order quashed most of the Enforcement Directorate’s FEMA charges against Lalit Modi and the BCCI, leaving only two specific violations upheld. Modi, in a statement, reiterated his long-standing claim of acting in the best interests of Indian cricket and the IPL. The tribunal’s decision follows a 16-year legal battle over alleged foreign exchange violations linked to the IPL’s early operations.
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