New Delhi: High-level ED sources added that the money laundering case, registered early this year, has been filed by the agency based on an FIR filed by Mr Srinivasan with Chennai police for suspected bungling of funds in awarding media rights for broadcasting BCCI-IPL cricket matches.
Sources said all the cases being probed against Modi and his associates in IPL-BCCI are related to various editions of the glamorous T-20 matches which were held in the country and specifically the second edition of the tournament which was held in South Africa in 2009. Over the years, Modi and his team of lawyers have denied any wrongdoing in these instances.
Sources said ED’s 2010 Interpol ‘Blue Notice’ against Modi is still valid and it could be “upgraded” to the stringent ‘Red’ category if the case being probed under the provisions of the Prevention of Money Laundering Act gets “solid evidence”.
While a ‘Blue Notice’ authorises Interpol “to collect additional information about a person’s identity, location or activities in relation to a crime”, a ‘Red Interpol notice authorises law enforcement agencies to “arrest wanted persons with a view to extradition”.
