The Indian Premier League (IPL) was created by the Board of Control for Cricket in India and chaired by Lalit Modi, who came up with the idea for the league. Over time, numerous cases of financial irregularities, money laundering, and match fixing emerged involving Modi and others. The Enforcement Directorate investigated and charged Modi with illegally sending funds overseas and benefiting from Rs. 125 crore in connection with IPL media rights. Modi was removed as IPL chairman and banned for life from cricket involvement due to his role in the financial scandal.
The Indian Premier League (IPL) was created by the Board of Control for Cricket in India and chaired by Lalit Modi, who came up with the idea for the league. Over time, numerous cases of financial irregularities, money laundering, and match fixing emerged involving Modi and others. The Enforcement Directorate investigated and charged Modi with illegally sending funds overseas and benefiting from Rs. 125 crore in connection with IPL media rights. Modi was removed as IPL chairman and banned for life from cricket involvement due to his role in the financial scandal.
The Indian Premier League (IPL) was created by the Board of Control for Cricket in India and chaired by Lalit Modi, who came up with the idea for the league. Over time, numerous cases of financial irregularities, money laundering, and match fixing emerged involving Modi and others. The Enforcement Directorate investigated and charged Modi with illegally sending funds overseas and benefiting from Rs. 125 crore in connection with IPL media rights. Modi was removed as IPL chairman and banned for life from cricket involvement due to his role in the financial scandal.
The INDIAN PREMIER LEAGUE (IPL) Is a twenty 20 cricket competition.
Created by the BOARD OF CONTROL FOR CRICKET IN INDIA ( BCCI) and the chairman and commissioner of IPL .. LALIT MODI ! The commissioner LALIT MODI came up with the idea of IPL. DLF bagged exclusive rights For IPL title ownershirp at 200 cr for 5 years The first season of IPL started in 2008 But slowly its darker side appeared IPL – “honey its all about money “ LALIT MODI turned from IPL king to wanted fugitive. FACTS : After 2010 , More than two dozens of cases of financial irregularities, money laundering and criminal cases have been filed against Lalit Modi Lalit Modi, BCCI and few other officials appeared to have contravened the provisions of FEMA, 1999 to the extent of Rs 89 crore. Foreign Exchange Management Act (FEMA) , has charged Modi of sending "fraud" emails and being a suspect beneficiary of Rs 125 crore illegal funds in connection with its Rs 425 crore forex violations probe for granting media rights of the T-20 tournament in 2009 by BCCI. Money laundering Match fixing People innovled in the scam : LALIT MODI , IPL COMMISSIONER SHARAD PAWAR SHASHI THAROOR PRAFUL PATEL ARGUMENTS :
The case pertains to a criminal complaint filed by BCCI which
has accused the former IPL commissioner of misappropriating funds during his tenure. ED had earlier argued that the agency had been unable to execute the non-bailable warrant against Modi as he is residing in UK. Modi had cheated the Board of Control for Cricket in India ( BCCI) by getting ‘illegal gains’ from media rights as well as other deals that he entered in to with different companies while he was the IPL chairman. ED said MODI was also part of "criminal conspiracy'' JUDGEMENTS :
Modi was removed from the BCCI
Committe . He was no longer the IPL chairman . Rs 425 crores penalty had been slaped on modi . He was banned for life time for any innvolement in cricketing matters .