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Singapore, Mauritius to seize Lalit Modi's bank account details: Report

Details of former Indian Premier League (IPL) czar Lalit Modi's bank accounts and affiliated accounts of his companies in Singapore and Mauritius are soon going to be seized by the two governments, according to a media report.

Singapore, Mauritius to seize Lalit Modi's bank account details: Report

New Delhi: Details of former Indian Premier League (IPL) czar Lalit Modi's bank accounts and affiliated accounts of his companies in Singapore and Mauritius are soon going to be seized by the two governments, according to a media report.

These countries have started the process of identifying the bank accounts which could be seized, attached and confiscated as per the provisions of the Prevention of Money Laundering Act (PMLA), as per the report published in DNA.

The process has stated after the authorities of Singapore and Mauritius received letters rogatory (LR) from Indian authorities in the month of July.

“Both the countries sought specific transaction details of Modi between 2008 and 2015. This is the first time we are getting very supportive and positive response from the overseas governments,” a senior Enforcement Directorate official told the newspaper.

“According to norms, after the identification of Modi’s accounts, his family members and his maze of companies, they can immediately seize it, which could eventually turn into attachment and confiscation, depending on the government order,” the official further added.

From Zee News

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