New Delhi:The Board of Control for Cricket in India (BCCI) will soon initiate criminal proceedings against suspended IPL Commissioner Lalit Modi in several cases of financial irregularity in the IPL.
Modi was suspended after IPL 3 concluded, following allegations of financial irregularities in the Twenty20 league. The BCCI has set up a disciplinary committee to probe charges of irregularities by Modi, who has so far stayed away from the hearings citing security reasons and threat to his life from the underworld.
The case will be filed for Modi's alleged Foreign exchange violations amounting to Rs 125 crore, this amount is said to be the felicitation fee from the IPL to World Sport group.
Incidentally, it's the first criminal case filed in a court of law since the controversy broke, that will leave Modi no option but to appear in person.
In April, the BCCI had pointed out the five main charges against Modi, which included rigging of bids during the initial bidding process.