Suspended Indian Premier League commissioner Lalit Modi on Monday slammed the Board of Control for Cricket in India and termed the inquiry into the alleged financial irregularities against him as a 'witch hunt'.
Lalit Modi's legal counsel Mehmood Abdi on Sunday said they were concerned about the security threat to the suspended IPL Chairman and hoped the government would deal with the issue appropriately.
Board of Control for Cricket in India secretary N Srinivasan was mum on whether he would recuse himself from proceedings against Lalit Modi but lashed out at the suspended IPL commissioner for his "habit of leaking information" to the media.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
Suspended IPL commissioner Lalit Modi on Saturday responded to the first showcause notice served to him for alleged financial irregularities with a staggering 12,000-page reply which was carried into the BCCI headquarters in six large cartons.
Suspended Indian Premier League commissioner Lalit Modi got a breather on Monday after the Board of Control for Cricket in India gave him five more days to respond to the first show cause notice issued to him for alleged financial irregularities. The BCCI's decision came after Modi sought some documents from the Board to prepare his reply, though he was supposed to respond to the charge sheet by Monday.
The Income Tax department probing alleged financial irregularities in the IPL has collected TDS of nearly Rs 4 billion (Rs 400 crore) from the third edition of the T20 tournament.
Lalit Modi, under the Income Tax department's scanner for financial irregularities, continues to get the backing of the IPL franchise owners with Rajasthan Royals co-owner Shilpa Shetty defending the event's embattled Commissioner.
Plagued by allegations of financial irregularities and many other controversies, the Indian Premier League is all set for a fresh start on Saturday with a high-profile two-day auction of 350 cricketers for the cash-rich Twenty20 event's fourth edition.
Party sources said Pratibha would herself reply to the allegations.
Adding more mystery to the sensational death case, another video clip of a different person also went viral, claiming that the deceased police officer's vehicle was stationary and a speeding truck had hit it.
Maharashtra Nationalist Congress Party (NCP) president Jayant Patil appeared before the Enforcement Directorate (ED) in Mumbai on Monday in a money laundering case linked to alleged financial irregularities in the now bankrupt financial services firm Infrastructure Leasing and Financial Services Limited (IL&FS), an official said.
Did the fear of central agencies probing scams involving NCP leaders that forced these politicians to jump ship?
The Regional Passport Office (RPO) in Mumbai has summoned lawyers of Lalit Modi for a hearing on Tuesday on their plea to inspect documents, on the basis of which the RPO had sought to revoke former IPL Chairman's passport.
The accounts of the Indian Premier League's third edition, after which its Commissioner Lalit Modi was suspended, would be taken up for discussion when the 13-member Governing Council of the Twenty20 tournament meets in Mumbai on Monday.
The HC closed both the defamation suits against Kejriwal and four AAP leaders after a joint settlement plea was moved before it.
Official sources said the 2000-01 acquisitions -- notably the high-profile purchase of web portal India World Communications from Rajesh Jain for Rs 499 crore (Rs 4.99 billion) -- by Satyam Infoway could mark the start of the company siphoning funds overseas under the guise of acquiring companies. Satyam Infoway was merged with Satyam Computers in 2002.
Demanding a probe by central regulatory agency into the financial irregularities committed by software company Satyam Computer Services, the Bharatiya Janata Party (BJP) on Friday alleged that a scam of such proportions was not possible without the support of SEBI, MCA, Planning Commission and the Andhra Pradesh government.
The company would hold a press conference in Hyderabad on Thursday to outline an action plan to address key concerns of various stakeholders, including customers, investors, employees and business partners.
BCCI's Disciplinary Committee meets in New Delhi on Sunday for the third time to continue its probe into alleged financial irregularities by suspended IPL chief Lalit Modi, who would once again seek the recusal of Chirayu Amin and Arun Jaitley from the panel.
Lalit Modi's attorney Mehmood Abdi on Tuesday said he will push for a neutral Supreme Court judge on the Board of Control for Cricket in India's disciplinary panel that is probing alleged financial irregularities by the suspended IPL chairman in the running of the T20 event.
The Opposition MLAs and MLCs said they would continue their dharna in both the Houses till their demand is met, apparently taking a cue from the Karnataka Opposition members, who were on a five-day-long dharna in the state assembly demanding CBI probe into the alleged illegal mining in the state.
The case pertains to the ED probe into the alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
The Central Bureau of Investigation has taken over the investigation of four distinct cases from the Assam police, all connected with the death of the state police sub-inspector Junmoni Rabha last month in a suspected road accident, according to officials.
Congress leaders Abhishek Manu Singhvi and Randeep Surjewala said party president Sonia Gandhi has been summoned by the ED for questioning in a money laundering case linked to the National Herald newspaper on June 8, and she was determined to appear before the agency as she has nothing to hide.
Controversy's favourite child commended and condemned in equal measure, IPL chief Lalit Modi rose meteorically but his fall was no less spectacular as he was booted out of the very empire he created.
Beleaguered Indian Premier League chairman Lalit Modi made an emotional speech at the Twenty20 Leagues' inaugural awards function in which he thanked Board of Control for Cricket in India, among others, for making his seven-year-old dream come true.
Even as IPL franchise owners continue to face the heat from income tax authorities amid allegations of financial irregularities, netizens are making quick bucks after buying their favourite teams in the virtual world.
The battle for control of the Indian Premier League (IPL) is now headed for the courts. IPL chairman and commissioner Lalit Modi is likely to approach the Bombay High Court on Friday to prevent a meeting of the League's governing council scheduled for Monday.
A defiant Indian Premier League Commissioner Lalit Modi on Wednesday made it clear that he will not attend the April 26 IPL Governing Council meeting convened apparently to decide his fate, saying he considers it 'unauthorised'.
Lalit Modi's days as the IPL Commissioner appear to be numbered as the BCCI's top brass has more or less made up its mind to remove the high-flying administrator who has triggered a political storm and brought the BCCI under the Income Tax scanner.
The session of the 342-member Assembly commenced on Monday evening as the Paksitan People's Party-led coalition said it has drawn up an "unimpeachable" chargesheet listing allegations of misconduct, violation of Constitution and financial irregularities against Musharraf, who turned 65 on Monday.
Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process. Deposit Insurance and Credit Guarantee Corporation (DICGC) in the first lot will pay customers of 20 stressed banks except PMC Bank. For the first lot, the mandatory 90 days period concludes on November 30.
As a fallout of the financial irregularities in Satyam Computer Services, a section of the United Progressive Alliance government is in favour of cancelling the award of the Hyderabad Metro Rail project. The project was won by the Nava Bharat-led consortium, in which Maytas Infra, a listed firm related to Satyam's promoters, is one of the partners.
On the last day of Satyam's stint in India's benchmark indices - the Bombay Stock Exchange Sensex and the National Stock Exchange S&P CNX Nifty - its shares turned out to be a punter's delight.
Insurance companies may soon face goods and services tax (GST) audits as tax authorities plan a "deep dive" into their business practices to check for the possibility of a raft of tax-linked irregularities. Several insurance companies are being probed for wrongly availing of the input tax credit without the underlying supply of goods and services based on fake invoices generated by their channel partners and intermediaries. "We want to deep dive into the overall business and see if there are further taxation issues besides commissions, which are already being investigated," a senior official of the Central Board of Indirect Taxes and Customs said.
Shiv Sena's Sanjay Raut said the Bharatiya Janata Party's national executive should pass a resolution to demand investigation by these agencies in the land case.
Under-fire from all quarters in the wake of Lalit Modi's alleged financial irregularities in the running of the Indian Premier League, the BCCI is planning to form a small sub-committee to run the Twenty20 league in future, according to sources.
The Board of Control for Cricket in India top brass is in no mood to consider embattled Indian Premier League commissioner Lalit Modi's plea to defer the Governing Council meeting by five days and made it clear that it will go ahead as per schedule.
