Lalit Modi plans India return after 16 years as tribunal sets aside ED penalty in IPL 2009 case: ‘going to move on’
Lalit Modi plans to return to India after 16 years following a tribunal's decision to set aside penalties imposed by the Enforcement Directorate (ED) in the IPL 2009 case. The Appellate Tribunal under the Smugglers and Foreign Exchange Manipulators Act ruled that RBI approval was not necessary for the foreign remittances involved, significantly weakening the ED's case. Modi anticipates returning by the end of this year or early next year, coinciding with the birth of his grandson in October.