Lalit Modi transferred his 2,000 shares worth Rs 114,000,0 (as of Friday) in his name to son Ruchir Kumar Modi.
Unresolved succession plans and informal ownership structures are fuelling bitter family fights across India's corporate boardrooms.
The Lalit Modi faction received a severe jolt on Tuesday with the Rajasthan high court ordering the Rajasthan Cricket Association (RCA) elections be held on May 29.
A few days after raking up a controversy over the pitch at the Sawain Man Singh stadium in Jaipur, former Indian Premier League chairman Lalit Modi hogged the limelight again by backing an investigation by Sports Illustrated into rampant spot-fixing in the subcontinent.
The Congress on Monday stepped attacked on External Affairs Minister Sushma Swaraj alleging there was "quid pro quo" involved in her "assistance" to Lalit Modi in obtaining British travel documents and demanded that the scam-tainted former Indian Premier League commissioner be brought back and tried in India.
The Board of Control for Cricket in India president Shashank Manohar on Monday revealed the complete details on Lalit Modi's wrongdoing and reasons for his suspension as the commissioner of the Indian Premier League.
The BCCI's disciplinary committee, probing charges of alleged financial irregularities against suspended IPL Commissioner Lalit Modi, will submit its report by early October.
'Lalit Modi repeatedly kept requesting for Mumbai police's intervention against the underworld. I reiterated to Modi and his lawyer that it was imperative for Lalit Modi to return to Mumbai for the Mumbai police to initiate any inquiry. Thereafter, the meeting lasted barely for 15/20 minutes,' the police commissioner said.
Former Indian Premier League commissioner Lalit Modi on Monday blamed the International Cricket Council and the Board of Control for Cricket in India for scuttling the Indian Cricket League.
The former IPL boss took to Twitter to claim that he met Priyanka Gandhi and her husband Robert Vadra in London last year.
To send a notice under money laundering law.
Former IPL commissioner Lalit Modi came down heavily on the three-member Disciplinary Committee, probing alleged irregularities against him, on Tuesday, saying the panel has made a 'mockery of the proceedings'.
Hitting out at its ally the BJP, the Shiv Sena on Wednesday asked why the government was not backing Mumbai Police Commissioner Rakesh Maria.
Former IPL chief shooed off potential buyers at the behest of Sushanto Roy, says broker
It is a little amusing to know that Chirayu Amin, the newly-appointed interim chief of the Indian Premier League, enjoys an image that is in total contract to that of his predecessor, Lalit Modi, in public life
In an apparent attack on his detractors, IPL commissioner Lalit Modi said all decisions regarding the league in all its three editions were taken by the Governing Council and approved by the General Body. Against the backdrop of allegations of financial wrong-doings in the IPL, he also said the IPL is clean and transparent.
Disgraced former Indian Premier League (IPL) commissioner Lalit Modi has expressed a vehement stance against the new ICC decision giving 'greater control' to 'Big Three' -- India, Australia and England, saying that it will destroy the game.
Former CEO of the Indian Premier League Lalit Modi, on Friday, received interim relief from the Rajasthan High Court, staying the life ban imposed on him by the Board of Control for Cricket in India.
Maharashtra CM Devendra Fadnavis on Sunday said Mumbai Police Commissioner Rakesh Maria has been asked to provide "info" on his statement regarding his meeting with tainted ex-IPL boss Lalit Modi in London.
Opposition parties on Sunday slammed External Affairs Minister Sushma Swaraj and demanded her resignation for "helping" scam-tainted former Indian Premier League commissioner Lalit Modi.
Breaking his silence, Finance Minister Arun Jaitley on Tuesday came out in strong defence of External Affairs Minister Sushma Swaraj in the 'Modigate' saying she acted "bona fide" and with "good intentions" and the entire government and party were one on the issue.
Under-pressure IPL commissioner Lalit Modi on Monday welcomed a probe into the functioning of the cash-awash Twenty20 League, saying he would extend all help to investigators.
Lalit Modi's counsel has sought a fresh hearing from the Regional Passport Officer in connection with the revocation of the passport of the former IPL chairman.
All India Congress Committee General Secretary Gurudas Kamat on Saturday demanded a Central Bureau of Investigation probe into the alleged money deals worth crores of rupees between Rajasthan Chief Minister Vasundhara Raje, her MP son Dushyant Singh and the tainted former Indian Premier League chief Lalit Modi.
Prakash Bhandari chalks the journey of Lalit Modi from his troubled adolescent days to his mid-life crisis, from his grand success at the India Premier League to his dramatic exit from it
Former Indian Premier League Commissioner Lalit Modi has alleged that two leading Indian cricketers and a West Indian player had been bribed by an Indian real estate tycoon, who is also a bookmaker.
Godfrey Phillips, controlled by his father K K Modi, paid Rs 1.7 crore despite him not attending a single board meet
The case pertains to a criminal complaint filed by BCCI which has accused the former IPL commissioner of misappropriating funds during his tenure.
Former Indian Premier League commissioner Lalit Modi on Friday questioned the IPL Governing Council's move to change the players auction norms for the fourth season of the T20 league at the last minute.
Indian Premier League (IPL) commissioner Lalit Modi confirmed that he has had talks with filmmaker Madhur Bhandarkar to document his life. Modi said that apart from Bhandarkar, he has been consulted by other movie makers. The IPL chairman told a television channel that it is a compliment that so many filmmakers are interested in making a movie on his life.
Modi and five others -- Harish Krishnamachari of Mumbai, Ajay Verma of New Delhi and World Sports Group office-bearers Venu Nair, Andrew Georgio and Seamus O'Brien -- have been asked to appear for an inquiry either on January 25, 26 or 28, a date suitable for them, Police Commissioner T Rajendran told reporters on Thursday.
Mallya has been in the UK for months, escaping arrest warrants against him.
Former Indian Premier League chairman Lalit Modi lashed out at the Board of Control for Cricket in India's decision to axe Rajasthan Royals and Kings XI Punjab from T20 tournament, saying it is 'illegal', as the Board has chosen the path of vengeance.
A 1.2 billion pound sterling plan called 'Project Victoria', allegedly conceived by Lalit Modi to launch a rebel Twenty20 league in England, is set to be at the centre of a libel case filed by the sacked IPL chief against ECB boss Giles Clarke, according to a report.
Suspended Indian Premier League chairman Lalit Modi on Friday denied making a bonus payment of one million rand to Cricket South Africa chief Gerald Majola for agreeing to host the second edition of the T20 League in South Africa last year.
Disgraced former Indian Premier League Chairman Lalit Modi took to social media to slam BCCI bigwigs Anurag Thakur and Rajiv Shukla for not implementing the Lodha Committee recommendations.
The Enforcement Directorate has issued summons to former Indian Premier League boss Lalit Modi in connection with an alleged money-laundering case registered against him in Mumbai.
Lalit Modi is likely to quit as IPL commissioner and chairman after the tournament final this weekend.
Lalit Modi may now be a pariah in Board of Control for Cricket in India circles, but if Kings XI Punjab co-owner Ness Wadia is to be believed, the IPL franchisees still long for the league's suspended commissioner. Wadia spoke fondly of 'family friend' Modi, lamenting how he has been 'hung without trial' by the media and expressing confidence that 'he would be back soon'.
The high voltage elections of the Rajasthan Cricket Association (RCA) have been scheduled for December 19 even as uncertainty prevails over former IPL Commissioner Lalit Modi's participations in the poll.
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