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No settlement between Modi and BCCI

CNN-IBN
Oct 27, 2010 at 11:16am IST

New Delhi: The stalemate between former IPL chairman Lalit Modi and the BCCI seems to continue as there is still no news of any settlement between the two. Modi and the Cricket Board had been given six days to reach a compromise and the Supreme Court has now adjourned the hearing of the case till November 11.

Earlier, Modi had offered to make himself available in London for interrogation by the Enforcement Directorate and said he would bear the expenses of ED personnel travelling to the British capital to question him for alleged FEMA violations by IPL franchises.

The ED had already issued a Blue Notice - an international alert to law enforcement agencies to obtain information about a person's identity and activities -- against Modi in its probe into the finances of the Twenty20 league.

Still no settlement between Modi and BCCI

The Supreme Court has now adjourned the hearing of the case between former IPL chairman Lalit Modi and the BCCI till November 11.

Modi, who was suspended as IPL Chairman by the BCCI in April, is facing charges ranging from financial irregularities to rigging bids, proxy holdings and kickbacks in broadcast deals.

He is also facing an internal BCCI probe from a three-member disciplinary panel headed by Chirayu Amin, with Arun Jaitley and Jyotiraditya Scindia being the other two members.

Apart from that, BCCI Secretary N Srinivasan had filed a complaint with the Chennai Police earlier this month against Modi alleging criminal misappropriation of funds to the tune of Rs 470 crores on issues including media rights and free commercial rights.

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