Lalit Modi cleared in key 2009 IPL South <a href="https://absafricatv.com/nssf-boss-joseph-elected-isf-africa-president/” title=”NSSF boss Joseph elected ISF Africa president”>Africa case after tribunal verdict
Updated On:22 July, 2026 08:44 AM IST |Mumbai |IANS
“The successful staging of that season ensured that the IPL survived and ultimately became one of the world’s most valuable sporting properties,” he said
Former chairman Lalit Modi was cleared in the principal proceedings arising from the 2009 Indian Premier League’s staging in South Africa after the Appellate Tribunal under SAFEMA set aside the penalties imposed on him, rejecting the Enforcement Directorate’s core case that the foreign remittances were capital account transactions.
Announcing the verdict after more than 16 years of investigations, proceedings, and litigation, Modi said the tribunal found that the main remittances related to IPL 2009 were current account transactions. It also determined that he was not responsible for the BCCI‘s statutory FEMA compliance or given the financial authority as alleged by the Enforcement Directorate.
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