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'Look Out Circular' issued against Lalit Modi

Last updated on: October 15, 2010 16:04 IST

Airports and other entry points across the country have been alerted by the Enforcement Directorate to detain sacked Indian Premier League chairman Lalit Modi, who is under probe for alleged violation of foreign exchange regulations in connection with the Twenty20 cricket tournament.

The financial watchdog issued a 'Look Out Circular' against the 46-year-old Modi, who is at present in the United Kingdom.

The circular, along with his photographs, has been sent to entry points and airports in the country by the ED, which has already started the process of getting Modi's passport revoked.

A 'Look Out Circular' empowers the enforcement agency at various check points to detain an individual who has been flagged and immediately inform the issuing agency.

Adding to Modi's troubles, the ED is examining the FIR filed by the Board of Control for Cricket in India against him for alleged misappropriation of funds to the tune of Rs 470 crore.

The ED recently issued an international 'Blue Notice Alert' for to detain Modi for alleged "serious contraventions" of the foreign exchange law in connection with the IPL. The notice bears Modi's photograph and passport number besides other details.

Modi, however, maintains that he has always cooperated with the Enforcement Directorate and is ready to appear before the agency personally in London or through video conferencing.

BCCI secretary N Srinivasan had, in his criminal complaint filed with the Chennai Police Commissioner, accused Modi of committing financial irregularities mainly in allotment of media rights and free commercial rights.

The complaint was filed in Chennai as the BCCI is registered there.

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