Lawstreet Journal

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

Lawstreet Journal 22 Mar 2022 7:28am

Image courtesy: Lawstreet Journal Judiciary ‘Truth has prevailed’ – Lalit Modi after High Court declares facilitation fee as “not illegal”

‘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… Continue Reading...


Tagged: Indian Cricketer   Lalit Modi  
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