The Enforcement Directorate has got two Singapore bank accounts that belonged to former IPL Commissioner Lalit Modi sealed.
According to sources, after the ED traced Lalit Modi’s accounts, officials contacted Singapore authorities. They have requested Singapore to send the money back to India. The formalities are in last stage.
To ensure a smooth transfer of funds, a team of Mumbai Police has been sent to Singapore. ED will have to give an executive order for the entire amount to be transferred back to the country.
Meanwhile, the ED may issue a red corner notice against Lalit Modi in the coming week.
The Enforcement Directorate issued a summon to ex-IPL boss Lalit Modi in connection with an alleged money-laundering case registered against him here last month.
“Summons were issued last week to Modi through his attorney, who appeared before us for an adjudicatory hearing,” an ED source said.
Modi was asked to appear in three weeks. The case relates to a 2008 deal between World Sports Group (WSG) and Multi Screen Media (MSM) for television rights of Indian Premier League (IPL) worth Rs 425 crore.
BCCI, through Srinivasan, filed an FIR in Chennai in 2010 under various provisions of the IPC, while two years later the ED registered a case under Prevention of money.
Laundering Act (PMLA) in the matter. In 2008, the BCCI awarded 10-year media rights to WSG for USD 918 million. In the same year, WSG entered into a deal with MSM to make Sony the official broadcaster. The contract was replaced a year later with a nine-year deal where MSM paid USD 1.63 billion.