Court Reserves Order On ED’s Plea Seeking NBW To Lalit Modi

A special court has reserved its order on the plea filed by enforcement directorate seeking NBW to Lalit Modi on Tuesday. The enforcement directorate’s plea seeking a non-bailable warrant (NBW) against former IPL chairman Lalit Modi has been reserved by special court for Prevention of Money Laundering Act in Mumbai on Tuesday.

Court Reserves Order On ED’s Plea Seeking NBW To Lalit Modi :

PM Modi did not respond to the summons sent by ED and hence the agency approached the court for Prevention of Money Laundering Act cases last week seeking a non bailable warrant on him.

Court Reserves Order On ED’s Plea Seeking NBW To Lalit Modi

Court Reserves Order On ED’s Plea Seeking NBW To Lalit Modi

 The lawyer of Enforcement Directorate Hiten Venegoankar replied that an NBW should be issued as Lalit Modi was not available in India. He also reported that Lalit Modi did not respond properly to the summons sent to him since 2009.

Special judge PR Bhavake questioned the agency about why it was not arresting Modi and seeking NBW and whether a warrant can be issued during the investigation.

But the special judge informed that a non bailable warrant can be issued only to those who are accused before the court and he pointed out that Lalit Modi was not an accused before the court as a charge sheet has not been filed by the Enforcement Directorate.

 The ED lawyer argued that the case was still in the stage of preliminary investigation and the Supreme Court has earlier said that an NBW can be issued during the investigation.

An FIR has been registered in Chennai by BCCI against Lalit Modi in 2010. 10 year media rights were awarded to WSG for USD 918 million by the cricket body. WSG then entered into a deal with MSM to make Sony the official broadcaster. The contract was replaced later with a nine-year deal where MSM paid WSG USD 1.63 billion.

ED started investigation under Foreign Exchange Management Act (FEMA) to investigate the allegation that payment of Rs 425 crore facilitation fee by MSM Singapore to WSG Mauritius had been made in an unauthorized manner.