Former Indian Premier League (IPL) chairman Lalit Modi has confirmed that he will return to India by the end of the year or early next year. An appellate tribunal set aside most of the Enforcement Directorate’s (ED) findings and penalties against him and other appellants in the 2009 IPL South Africa Foreign Exchange Management Act (FEMA) case.
Speaking after the ruling, Modi described the verdict as the culmination of a legal battle spanning 16 years. He said the decision had vindicated his long-standing position that his actions were aimed at protecting the interests of the IPL.
โIt’s really been a great day. 16 years I have fought and whatever I have been saying to the media and to everybody has finally emerged as the truth. I’m really happy that the tribunal has ruled in my favour. I was only concerned with the well-being of the IPL and nothing and nothing at all. That is the most dear to me. Now that chapter is behind me, I’m going to move on in my life and I’m looking forward to coming back to India.ย I will come back probably end of this year or early next year. My daughter is due with my grandson in October and hopefully everything will be well and I’ll be back in India,โ Modi told ANI.
More to follow..