NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News  » Cricket » Modi questioned again by ED, IT officials

Modi questioned again by ED, IT officials

Last updated on: April 22, 2010 16:24 IST

IPL Chairman Lalit Modi was on Thursday questioned by a joint team of Income Tax and Enforcement Directorate officials probing alleged financial irregularities by the T20 cricket body and its franchises.

Officials of the two agencies began the exercise around 8.30 on Thursday morning at Modi's office at upscale Four Seasons hotel in central Mumbai and later shifted the venue to the IPL top honcho's office at Nirlon House in Worli.

It is for a second time in less than 24 hours that Modi is being questioned by the IT.  He was also quizzed last Thursday about IPL bidding process and issues relating to franchisee owners.

On Wednesday night the IT officials had questioned him barely hours after its sleuths searched the premises of three entities associated with the hugely successful cricket entity.

Modi's questioning last night primarily focused on the broadcasting rights of IPL after it transpired that a "facilitation fee" of $80 million was paid by Multi-Screen Media to World Sports Group to reacquire the telecast rights of the league.

During Thursday's probe, Modi was understood to have been asked questions about the payment of a portion of the facilitation fee by MSM to an offshore company of WSG in Mauritius, a tax haven, without paying income tax on the transaction in India, sources familiar with the development said.

© Copyright 2019 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.