â¹121 crore fine on BCCI, Lalit Modi over 2009 IPL in SA
The Enforcement Directorate on Thursday slapped a fine of over â¹121 crore on the BCCI, its former head N Srinivasan, ex-IPL commissioner Lalit Modi and others for violating the Foreign Exchange Management Act. It was investigating the case for the alleged contravention of FEMA in transferring over â¹243 crore out of India to host the 2009 IPL in South Africa.