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       FEMA violation: ED cross-examines ex- IPL chief
 
         Posted on :18:03:04 Mar 8, 2018
   
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       Last edited on:18:03:04 Mar 8, 2018
         Tags: FEMA violation: ED cross-examines ex- IPL chi
 
New Delhi: Former Indian Premier League (IPL) commissioner Chirayu Amin on Thursday appeared before the Special Director, Enforcement Directorate(ED), Mumbai for cross examination by former IPL chairman Lalit Modi lawyers in an alleged case of violation of the Foreign Exchange Management Act (FEMA).
 
During questioning, Amin said he was not aware of any financial decisions made by Modi.
 
Amin assumed the post of IPL chief immediately upon suspension of Modi on April 26, 2010 for being accused of financial irregularities.
 
"The decision to shift the IPL was authorised by Shashank Manohar, the then BCCI President, and necessary RBI permissions for transfer of funds to overseas entity named Cricket South Africa (CSA) and other procedural processes were to be complied with by the Secretary and Treasurer of BCCI," said Mehmood Abdi, counsellor of Modi, in an official statement.
 
Last month, the Bombay High Court accepted Modi's plea to cross-examine the top officials of the Board of Control for Cricket in India (BCCI) who were in power in 2009.
 
On July 20, 2011, the ED had issued show cause notices to Modi and the BCCI under provisions of FEMA regarding the alleged transfer of a sum of Rs 243.45 crores to Cricket South Africa without prior permission of the RBI ahead of an IPL tournament in 2009.
 
The ED was subsequently allowed by the HC to summon several former BCCI officials, including then president Shashank Manohar and then secretary N Srinivasan, as witnesses in the matter.
 
The cross-examination of the concerned witnesses is scheduled to take place between March 1 and March 13.
 
The cross-examination will take place before Special Director, ED, who is the Adjudicating Authority under directions of the Bombay HC.
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       INDIA
Next Article: Ambedkar's statue defaced in Chennai
 
 
INDIA HEADLINES
BJP will not allow Kashmir to get disintegrated from India: Shah  
BJP leader threatens Kashmiri journalists, draws flak  
BJP functionary stabbed to death by duo on bike  
BJP functionary stabbed to death by duo on bike  
Congress neglected development of cities: PM  
Body of Army major's wife found in Delhi Cantt area  
BJP trying to hoodwink the people of Jammu: JKNPP  
Sri Lankan refugee among six arrested for ATM fraud  
Senior Congress leader Danam Nagender resigns  
UP: Infant crushed to death by father  
Teased for dark skin, woman poisons food at family function  
Mamata cancels first China visit as 'political meetings at appropriate level' not confirmed by CPC  
Javadekar assures students will not have to travel outside home state for NEET  
No interim order by HC against felling trees for south Delhi re-development  
Interpol RCN against Nirav Modi likely soon  
Surat court issues arrest warrant against Nirav Modi  
Kejriwal is in good condition,says naturecure institute  
Shah to address rally in Jammu tomorrow  
2 terrorists killed in Anantnag encounter  
GST brought positive changes in Indian economy: PM Modi  
Congress' Saifuddin Soz backs Musharraf's remark on Kashmiris  
HC asks for details of physiotherapy facilities in Tihar Jail  
Aircel-Maxis case: SC judge recuses from hearing Swamy's plea  
HC refuses to grant relief to Zakir Naik  
J-K Governor calls all-party meeting tomorrow  
 
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