ED may invoke criminal charges against Lalit Modi under PMLA
New Delhi: The Enforcement Directorate is likely to move an application in a Mumbai Sessions court seeking non-bailable warrant against former IPl commissioner Lalit Modi.
According to India TV sources, senior officials of the Enforcement Directorate yesterday met to discuss the ways to extradite Modi to India.
The ED officials also met the Revenue Intelligence officers and examined the proofs they are having and discussed others requirements for the purpose of seeking a NBW.
Modi is currently under blue corner notice for alleged money laundering charges. Once the blue corner notice against the former IPL chief is upgraded to red, it will become much easier for the government to bring him back to the country.
A NBW is must for the purpose of red corner notice. This will also be the first big step towards issuing a red corner notice against Modi.
Once the ED manage to secure a NBW against Modi, the CBI Interpol will issue a red corner notice meaning the former IPL chairman could then be arrested in any country.
Sources said that the ED is also planning to take cognizance of 2010 FIR against Modi by the then BCCI secretary Srinivasan to register a case under the Prevention of Money Laundering Act (PMLA).
At present, Modi is facing charges for FEMA violation. Under the provisions of FEMA, there is a provision of 300 per cent penalty.
PMLA allows for criminal charges to be pressed against an individual and ED can press for Modi's arrest and extradition from a foreign country through red corner notice.
BCCI had in October 2010 lodged an FIR against Modi in Chennai for a deal struck between World Sports Group (WSG) and Multi Screen Media (MSM) for television rights of IPL.
The Chennai FIR was filed under Sections 405, 415, 420 and 120 (b) of the IPC.
The PMLA will also allow the ED to freeze Modi's bank accounts and attach his properties.
Lalit Modi moved to London in 2010 amid Enforcement Directorate investigation of FEMA violations amounting to 425 crore in IPL TV rights deal by Lalit Modi in 2009.