In The Economic Times, Rohini Singh and Shruthjith KK follow a trail that includes shady land deals, a maze of shell companies and insider information and outcome betting on IPL matches, all allegedly done by Lalit Modi.
“Mr Lalit Modi has had a trail of failed ventures and defaults till four years back but has a lifestyle now that includes a private jet, a luxury yacht and fleet of Mercedes S class and BMW cars all acquired in the last three years.”
Thus opens a highly confidential and explosive report by the income-tax department that has been in the possession of the government for six months now but formed the basis of any action only on Thursday evening after a raging controversy over secret ownerships and sweetheart deals in the Indian Premier League, or IPL, stalled both houses of Parliament. more
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