Lalit Modi's IPL Money Laundering Case: Enforcement Directorate Seeks Help From Singapore, Mauritius

The Enforcement Directorate (ED) has sought legal assistance from Singapore and Mauritius to take forward its probe in the alleged financial irregularities in the Indian Premier League (IPL) and its former chairman Lalit Modi. (Modi Alleges Three CSK Players Took Bribes | BCCI Plays Down Charges)

Officials said the agency has initiated the "legal procedures" to obtain from a court two Letters Rogatories (overseas judicial requests) to be sent to the two countries as part of its probe in the alleged laundering of funds in awarding media rights of the money spinning cricket tournament in 2009. (Modi Accuses Srinivasan of Shielding CSK Players)

An ED team from its Mumbai zonal office has also been sent to Singapore but officials indicated they are part of an investigating team probing another case under the Prevention of Money Laundering Act (PMLA).

However, it is understood that the team could gather some important leads in connection with this case where the ED has recently showcaused, under foreign exchange violation laws, Modi and 13 other BCCI-Indian Premier League (IPL) officials and other private entities. (ICC Should Take Modi's Help to Build Bookie Bank)

The two accused companies in this case are based in either country and hence an LR is aimed to help ED obtain more details about their transactions and international financial deals vis-a-vis IPL.

The money laundering case pertains to a compliant filed by former BCCI chief N. Srinivasan in the same deal with Chennai police in 2010 against Modi and others charging them with alleged embezzlement of funds and cheating the cricketing body in the awarding of telecast rights.

The ED registered its own criminal case under PMLA early this year and later carried out searches in Gurgaon and Delhi to probe this deal which it suspects generated tainted funds. Agency sources have earlier indicated that this being the only criminal case against the IPL-BCCI and Modi, it is expected that based on the positive progress of this probe, ED sleuths may further seek to notify an Interpol Red Corner notice against the former IPL Chairman to make him join investigations after deporting him from his present address in the United Kingdom. Modi is currently embroiled in a controversy for obtaining travel benefits through External Affairs Minister Sushma Swaraj and for his similar dealings with Rajasthan Chief Minister Vasundhara Raje.

The ED, in its showcause issued in February this year under the Foreign Exchange Management Act (FEMA) in this case, 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.