38.6c New Delhi, India, Tuesday, April 16, 2024

‘Truth has prevailed’ – Lalit Modi after High Court declares facilitation fee as “not illegal”

By Dolly Chhabda      22 March, 2022 01:58 AM      0 Comments
Truth has prevailed Lalit Modi

‘Truth has prevailed’ – Lalit Modi after High Court declares facilitation fee as “not illegal”

Former IPL Chairman Lalit Modi, who was banned from the BCCI for the rest of his life after being accused of being the source for a facilitation fee, has finally been able to establish his innocence. 

The Bombay High Court ruled in Modi's favour, ruling that the facilitation charge (a sum that MSM (Sony) was required to pay to WSG (Mauritius) or WSGM) that led to Modi's removal from both the BCCI and the IPL was legitimate.

The Bombay High Court's Justice BP Colabawala found that the WSGI, which controlled the IPL's rights from 2008 to 2017, helped the BCCI earn Rs. 1791 (Rupees One Thousand Seven Hundred Ninety One Crore) more and "operated in the interest of the BCCI." 

Furthermore, the court determined that the free facilitation to the tune of Rs. 425 crore (Rupees Four Hundred and Twenty Five Crore) constituted a bona fide element in the three-party agreement between the BCCI, WSGI, and MSM. The BCCI had claimed that only Modi knew about it, but the court concluded that all parties were aware.

Now I will sue all in the UK: Lalit Modi 

Modi stated that he put a lot of work into developing the IPL, which has now developed into a major company. In a few years, he believes the event will become a global entertainment franchise. Modi went on to say that, despite everything, he made sure that the competition was shown live on television at no cost to the spectators. 

"Time is a factor; I constructed the IPL by myself." Not that it matters to me, but the BCCI has barred me from playing cricket for the rest of my life. Guess what I did to make Modi recession-proof (the 2008 economic slump). It will, without a doubt, be a worldwide spectacle for India. It will be a major entertainment property all over the world. And I did it for free so that my nation may watch it on TV," Modi said on Sunday to Cricbuzz.

Modi, who is now in the United Kingdom, has highlighted the "sad side" of the false charges levelled against him by being denied entry to the grounds despite having purchased a ticket. He said that he will sue the BCCI in a UK court for all of the problems he has had to deal with over the years.

 "The terrible aspect is that the selfish members who profit from my work are so afraid of my shadow that they refused to let my children in on a purchased ticket."

The only question now is what the media will report – fugitive? Go ahead and try it. Now I'm going to sue everyone in the UK and see what happens," he continued.

Share this article:

Leave a feedback about this

Trending Legal Insiders
Need to safeguard judiciary from unwarranted pressures: 21 ex-judges write letter to CJI

21 ex-judges write to CJI Chandrachud urging protection of judiciary from pressures undermining its integrity and autonomy.

15 April, 2024 12:17 PM
Trending Judiciary
SC notice to ED; declines early date on plea by Delhi CM Arvind Kejriwal against arrest

SC issues notice to ED, declines early hearing on Delhi CM Kejriwal's plea against arrest in liquor scam.

15 April, 2024 03:08 PM


Trending Business
Misleading advts case: Baba Ramdev, Balkrishna tender apology

Baba Ramdev, Balkrishna apologize for misleading ads. SC contempt plea hearing set for April 10. Patanjali assures compliance with court orders.

10 April, 2024 10:44 AM
Trending Judiciary
SC allows gangster-turned-politician's son to attend 'Fatiha'

Supreme Court allows jailed MLA Abbas Ansari to attend his father's funeral prayers, granting temporary release under police custody.

10 April, 2024 11:11 AM
Trending Judiciary
Each moveable property not required to be disclosed by candidates in election: SC [Read Judgment]

SC rules not every movable asset needs disclosure in elections. Privacy rights preserved. Details vary per case. High value assets matter.

10 April, 2024 12:02 PM
Trending Judiciary
Delhi CM Arvind Kejriwal moves Supreme Court

Delhi CM Arvind Kejriwal moves Supreme Court against dismissal of plea in liquor policy scam case. Lawyers seek early hearing from CJI-led bench.

10 April, 2024 12:39 PM


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email