New Delhi: Former Indian Premier League (IPL) Chairman Lalit Modi is continuing with his twitter jibes. Targeting the Enforcement Directorate which is investigating him on charges of money laundering, he questioned if they are aware of the international procedures to serve a summon.
His reaction comes even as the ED had served a summons with a 3-week notice which ended earlier during the week. The Enforcement Directorate decided to approach court for issuing a non-bailable warrant against him.
According to sources, the ED will soon approach the Prevention of Money Laundering Act court of issuance of non-bailable warrants against the former IPL czar.
The ED had said that the summons were considered issued even though Lalit Modi's lawyers claimed that they were yet to receive the same. The case relates to a 2008 deal between World Sports Group (WSG) and Multi Screen Media (MSM) for television rights of Indian Premier League (IPL) worth Rs 425 crore.
In 2008, BCCI had awarded media rights for ten years to WSG for $918 million. WSG entered into a deal with MSM to make Sony the official broadcaster. The contract was replaced a year later with a nine-year deal where MSM paid $1.63 billion.
The ED started a probe in 2009 under Foreign Exchange Management Act (FEMA) to investigate whether payment of Rs 425 crore facilitation fee by MSM Singapore to WSG Mauritius was made illegally.
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