Lalit Modi and BCCI have got a big relief in the Foreign Exchange Management Act i.e. FEMA violation case during IPL 2009. This matter was related to shifting of the second season of IPL from India to South Africa in 2009. Due to the Lok Sabha elections in the country, IPL was held in South Africa. In this case, the tribunal under SAFEMA gave its verdict on July 16, in which it completely canceled the fine imposed on Lalit Modi. Apart from Lalit Modi, other then BCCI officials N. Srinivasan and MP Pandove have also got relief in this.
Fine imposed on Lalit Modi canceled
The tribunal gave the biggest relief to Lalit Modi and said that he was the main architect of organizing the second season of IPL in South Africa. The tribunal said that the fine was imposed on Lalit Modi without regard to his position and suspension. According to the tribunal, Lalit Modi was implicated and hence the fine imposed on him is completely wrong.
Lalit Modi celebrated the decision, danced
After getting clean chit from the tribunal in IPL 2009 FEMA case, Lalit Modi not only expressed happiness but also celebrated the victory. After this decision he was seen dancing with joy.
Its a win
pic.twitter.com/kLthKUDMpa
— Lalit Kumar Modi (@LalitKModi) July 21, 2026
What did Lalit Modi say on the decision?
After the verdict, Lalit Modi said that the tribunal has rejected the very foundation of the ED case against him. The tribunal found that the transactions relating to the hosting of IPL 2009 in South Africa were not through capital accounts but through foreign remittance current accounts. Modi further said that the tribunal also found that he was not responsible for BCCI’s FEMA compliance nor did he have the financial authority as alleged by the ED. After this decision of the Tribunal, the important legal case related to IPL 2009 has come to an end. He said that for the last 16 years he has been saying the same thing that he has not committed any personal mistake. Whatever work he did was for the interest of IPL and Indian cricket.
FOR IMMEDIATE RELEASE
Statement by Lalit Kumar Modi
London | 21 July 2026
After more than sixteen years of investigations, proceedings and litigation arising from the hosting of the 2009 Indian Premier League in South Africa, the Appellate Tribunal under SAFEMA has delivered pic.twitter.com/Dqx0xVYY0v
— Lalit Kumar Modi (@LalitKModi) July 21, 2026
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