The warrant was issued on the grounds that Mr. Modi did not respond to the summons by the Enforcement Directorate and his past conduct of disregarding summons in other cases of financial irregularities against him, ED's lawyer Hiten Venegaonkar
A special court for Prevention of Money Laundering Act here today issued a non-bailable arrest warrant (NBW) against former IPL boss Lalit Modi in connection with a case of money laundering following a plea by the Enforcement Directorate.
The court also wanted to know why the agency was not arresting him and had sought the NBW, and whether a warrant can be issued during the investigation.
In 2008, BCCI awarded 10-year media rights to WSG for USD 918 million. WSG then entered into a deal with MSM to make Sony the official broadcaster. The contract was replaced later with a nine-year deal where MSM paid USD 1.63 billion.
Yesterday, ED's lawyer Hiten Venegoankar said that since Lalit Modi was not available in India, hence an NBW should be issued. Modi had not complied with the summonses issued to him since 2009, he had claimed.
The ED lawyer said the case was at the stage of pre-investigation and the Supreme Court had said in a previous ruling that NBW can be issued during investigation.