2009 IPL FEMA Case: Tribunal gives major relief to BCCI, Lalit Modi
The Appellate Tribunal under SAFEMA has set aside most ED penalties against BCCI and Lalit Modi in the 2009 IPL South Africa FEMA case. The tribunal quashed most findings but upheld two minor penalties on BCCI for excess remittance and delayed repatriation. The Appellate Tribunal under the Smugglers and Foreign Exchange Manipulators – Forfeiture of … Read more