MUMBAI: The Enforcement Directorate (ED) on Thursday slapped a penalty of over Rs 1.315 billion collectively on the Board of Control for Cricket in India (BCCI), its former chief N Srinivasan, former IPL commissioner Lalit Modi and a few other former office bearers for alleged violation of the Foreign Exchange Management Act (FEMA) during IPL season 2009 after completing the adjudication process in the case.
FEMA
Mar 01, 2018 13:03
MUMBAI: The Bombay High Court has allowed representatives of the Board of Control for Cricket in India (BCCI) to be present during the cross-examination of their erstwhile top officials by former IPL Commissioner Lalit Modi's counsels in an alleged case of violation of the Foreign Exchange Management Act (FEMA).