Lalit Modi to Return After SAFEMA Relief
Lalit Modi says he will return to India after a 16-year legal battle, following a tribunal ruling under SAFEMA on July 16 that largely set aside the ED’s findings and penalties in the 2009 IPL South Africa FEMA case. The appellate tribunal noted no material proven his involvement in the FEMA violations, and Modi praised the decision as establishing the truth and prioritizing the IPL’s well-being. He has indicated plans to return by year’s end or early next year, with his daughter’s October due date for a grandson cited as a personal milestone. The case centers on the 2009 relocation of the IPL to South Africa due to security concerns during India's general elections and the ED’s allegations of improper foreign exchange remittances. Modi’s remarks across outlets emphasize moving forward and re-engaging with India after more than a decade abroad. The coverage underscores a rare legal vindication for Modi and a potential shift in his public role and activities in India.
