Lalit Modi’s bank accounts in Singapore, Mauritius under their govts’ scanner

Lalit Modi’s foreign sojourns may be at an end soon.

The former IPL commissioner — who has been in the eye of a storm of controversies, with charges of financial irregularities and corruption levelled against him — may soon lose his bank accounts in Singapore and Mauritius.

In fresh trouble for Modi, his bank accounts and those of his affiliated companies might soon be under the scanner of the governments of Singapore and Mauritius, according to a report by DNA.  

This new development is the result of the Indian authorities sending letters rogatory (LR) to the Singapore and Mauritius authorities in the last week of July. An LR is a formal request from an Indian court to a foreign court for assistance through the External Affairs Ministry, continues the report.

An  India Today report says that Mauritius and Singapore have already started looking into the bank accounts. Both the governments are digging into specific transaction details from as far back as 2008. The information provided here will be the basis of Enforcement Directorate (ED) action.

A senior ED official was quoted by DNA  as saying, “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.”

Meanwhile, Modi is supposedly in Malta, after Interpol issued a red-corner notice against him, according to  India Today .

While Modi has been very vocal in his defence against the allegations from overseas, what actually happens when the bank account details reach the ED, still remains to be seen.