Former IPL chairman Lalit Modi was exonerated after SAFEMA's Appellate Tribunal dismissed penalties tied to foreign remittances during the league's 2009 South Africa staging.
The verdict comes after 16 years
Jul 22, 2026
10:19 am
What's the storyLalit Modi, the former chairman of the Indian Premier League (IPL), has been acquitted by the Appellate Tribunal under SAFEMA.
The tribunal overturned penalties imposed on him, rejecting the Enforcement Directorate's main argument that foreign remittances were capital account transactions.
Ending a 16-year legal saga, the Appellate Tribunal rules that foreign exchange remittances for the tournament were current…
Former chairman Lalit Modi was cleared in the principal proceedings arising from the 2009 Indian Premier League's staging in…
Former IPL chairman Lalit Modi has claimed a major legal victory after the Appellate Tribunal under SAFEMA set aside penalties…
In a major relief to former Indian Premier League chairman Lalit Modi, a tribunal has set aside a penalty order issued by the…
Lalit Modi welcomed major relief in the IPL 2009 FEMA case, saying the tribunal rejected the ED's central premise and cleared him…
An appellate tribunal in New Delhi set aside the Enforcement Directorate's penalty against former IPL chairman Lalit Modi and…
Lalit Modi wins major legal relief as tribunal quashes ED penalties in IPL 2009 case
