SUPREME COURT REJECTS LALIT MODI’S PLEA TO SHIFT FEMA PENALTY TO BCCI
New Delhi, June 30, 2025 — The Supreme Court of India has rejected a matter brought by former IPL commissioner Lalit Modi, who wanted to transfer a 10.65 crore penalty applicable under the Foreign Exchange Management Act (FEMA) to the Board of Control for Cricket in India (BCCI). The court was firm on the fact that Modi himself was responsible for the violation, and he could not avoid the responsibility by arguing that he was acting in the name of the cricket board.
July 29, 2025•4 min read