SIT reviews Lalit Modi, IPL cases; seeks updates

Press Trust of India New Delhi | Updated on January 24, 2018 Published on June 23, 2015


The Special Investigation Team (SIT) on black money today sought update from multiple probe agencies on the role of Lalit Modi in alleged financial irregularities in the Indian Premier League.

Besides Modi, former IPL Chairman, the SIT also reviewed cases of BCCI officials and other individuals involved in the operation of the various editions of the IPL.

Sources said the two-hour long meeting was chaired by SIT Vice-Chairman Justice (retd) Arijit Pasayat and it is understood that directions have been issued to agencies such as the Income Tax department, Enforcement Directorate (ED) and the Financial Intelligence Unit (FIU) to update it with more information and status on each of the cases being handled by these probe bodies.

“The SIT has a wide mandate and hence as part of its overall review of black money cases and those related to illegal assets held abroad, the panel also reviewed cases related to the IPL and people involved in it,” the sources said.

Today’s meeting was attended by officials of the Central Board of Direct Taxes (CBDT), ED, FIU, Department of Revenue under the Finance Ministry and the CBI.

Sources indicated that while the ED informed the SIT about the status of its 16 Foreign Exchange Management Act (FEMA) cases and a money laundering FIR against the Indian Premier League (IPL)-BCCI, their officials and Modi, the I-T department is understood to have shared some snoop data on the transactions and tax history of Lalit Modi.

“Some more details in these cases have been sought after which a future course of action will be charted vis-a-vis taking forward the IPL related cases,” they said.

Published on June 23, 2015
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