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Who is Lalit Modi?
As a close associate of the Chief Minister Vasundhara Raje, Lalit Modi became a powerful figure in Rajasthan, and came to be known as a "super chief minister". He continued to live in Mumbai, where his network had expanded to include leading industrialists and Bollywood stars.
Why did Lalit Modi take legal action against BCCI?
Lalit Modi took the legal route to fight BCCI's declaration. In March 2014, Modi alleged that the International Cricket Council (ICC) had evidence regarding the existence of spot and match-fixing in the Champions League T20 cricket tournament and that world cricket's governing body was deliberately not making it public.
Will Lalit Modi get ' leave to remain' in UK?
Lalit Modi has hinted that the situation may go in his favour when it comes to the courts and government of Britain. When his passport was revoked by the Indian government in 2011, Lalit Modi obtained the 'leave to remain in UK' status.
Is Vasundhara Raje a friend of Lalit Modi?
In June 2015, the Congress accused Vasundhara Raje of corruption, alleging that she had granted favours to Lalit Modi in exchange for the money. BJP argued that Raje had acted as a friend of Modi, and not in her capacity as a political leader. The controversy resulting from these revelations was termed as "Modigate" by the Indian media.
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Who is Lalit Modi?
lalitmodi .com. Lalit Kumar Modi (born 29 November 1963) is an Indian businessman and cricket administrator & born into Marwadi business family Modi Group . He was the founder & first Chairman and Commissioner of the Indian Premier League (IPL), and ran the tournament for three years until 2010.
Where did Lalit Modi live?
He continued to live in Mumbai, where his network had expanded to include leading industrialists and Bollywood stars.
Why did Modi refuse to allow Surana to watch the match?
In 2007, Modi refused to allow the IAS officer Mahendra Surana watch a match at the Sawai Mansingh Stadium, because he believed Suarana to be an associate of the Rungta faction of RCA.
Why was Lalit Modi expelled from St Joseph's?
His family later moved him to St Joseph's College, Nainital, because of a kidnapping threat. In 1980, he was expelled from St. Joseph's for truancy, having left school to watch a movie.
Why was Modi banned from the IPL?
Shortly after IPL 2010 ended, Modi was suspended from BCCI after being accused of misconduct, indiscipline and financial irregularities. BCCI launched an investigation against him, and banned him for life in 2013 after a committee found him guilty of these charges.
How much did Cricket South Africa pay for IPL 2009?
Payment of ₹ 2.43 billion to Cricket South Africa for IPL 2009, in contravention of FEMA (charge against Modi, BCCI, Shashank Manohar and other BCCI officials) Payment of US$80 million to World Sports Group (WSG) by Multi Screen Media (MSM), as facilitation fees to withdraw from the telecast rights contract.
What was Modi's business called?
Most of Modi's businesses in Mumbai were not profitable, and he lived on a maintenance allowance from his father's company. Later, Modi became the President and Managing Director of Modi Enterprises, an industrial conglomerate run by his family. In 2002, Modi launched an online lottery business in Kerala called Sixo.
Overview
"Modigate"
In March 2010, while Modi was in London, the Congress-led Indian Government revoked his passport. Modi challenged the decision in the Delhi High Court, and BJP leader Sushma Swaraj's daughter Bansuri Swaraj was one of the nine lawyers who represented him. The High Court restored Modi's passport in August 2014. In June 2015, British Member of Parliament Keith Vaz was reported to the parliamentary standards commissioner for lobbying UK immigration official…
Early life and education
Modi was born in Delhi on 29 November 1963, into one of India's leading business families, the elder son of Krishan Kumar Modi and his wife Bina Modi. He has an elder sister, Charu Modi Bhartia, and a younger brother, Samir Modi. His grandfather Gujar Mal Modi had established the Modi Group business conglomerate and the town of Modinagar. His father KK Modi greatly expanded the family business.
Early business career
In 1993, Modi established Modi Entertainment Networks (MEN), using money from a family trust. MEN started as a 10-year joint venture with Walt Disney Pictures, to broadcast some of Disney's content in India, including Fashion TV. In 1994, MEN became the pan-India distributor of ESPN on a ten-year contract worth $975 million. His job was to collect money from the cable companies in India in exchange for the broadcasting ESPN. ESPN did not renew its contract with Modi, allegin…
Cricket administration
In the US, Modi had been impressed by the huge revenues of the American sports leagues. In 1995, he pitched his idea for a new 50-over tournament to BCCI. He even registered a name – Indian Cricket League Limited – for the proposed league. However, the BCCI did not take the proposal seriously. Modi then resolved to join the Board. As a step towards this goal, in 1999, he managed to get elected to the Himachal Pradesh Cricket Association, a constituent body of BCCI…
Role in Rajasthan politics
As a close associate of the Chief Minister Vasundhara Raje, Lalit Modi became a powerful figure in Rajasthan, and came to be known as a "super chief minister". He continued to live in Mumbai, where his network had expanded to include leading industrialists and Bollywood stars. He visited Jaipur frequently, and stayed at the Rambagh Palace, where ministers and civil servants would queue up to meet him and ask for favours.
Kochi Tuskers Kerala controversy
By 2009, suggestions of a rivalry between Modi and N. Srinivasan surfaced. During 2009–10, Lalit Modi oversaw the bidding process for induction of two new teams in the Indian Premier League. In December 2009, he inserted two new clauses in the invitation to tender (ITT): the bidder should have a net worth of at least US$1 billion and must provide a bank guarantee of US$100 million. Modi stated that these clauses protected BCCI's interests. However, other BCCI board members …
Expulsion from BCCI and exile in London
On 16 April 2010, the representatives of the Kochi franchise complained to BCCI that Lalit Modi had threatened them to give up the franchise. A day after the IPL final on 24 April, BCCI suspended Modi on 22 charges, including bypassing the governing council while taking decisions, not following proper processes, bid rigging, awarding contracts to his friends, accepting kickbacks on a broadcast deal, selling franchises to members of his family, betting and money laundering. Soo…
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