Greeva Garg –
Published on: August 16, 2021 12:40 IST
The London based founder of the Indian Premier League (IPL), Lalit Modi, has been facing an approximately USD 7 Million legal challenge in the High Court in England.
Lalit Modi has been alleged for misrepresentation by Gurpreet Gill Maag, a former Indian Model, now a Singapore-based venture capitalist also known as Blu.
Modi has denied all the allegations of misrepresentation against him and is defending the claims.
Gurpreet alleged that Lalit Modi persuaded her to invest USD 2 million in a cancer treatment venture called Ion Care.
According to Gurpreet, Modi coaxed her stating to have proposed a global network of cancer centres utilising revolutionary single-dose radiotherapy that had been used on his wife, Minal, who passed away in 2018.
As part of his sales pitch, Gurpreet claimed that Modi misrepresented an investor document, that listed patrons of the scheme naming, Queen Elizabeth II’s son Prince Andrew, former United Nations Secretary-General Kofi Annan, the Deputy Prime Minister of the United Arab Emirates Sheikh Mansour bin Zayed al Nahyan and Prime Minister of Thailand Thaksin Shinawatra.
The case is expected to go to trial at the High Court in London early next year.
Lalit Modi had relocated to London from India in 2010, amid scandals and controversies linked to the cricket IPL, but affirmed that no criminal charges have been levelled in any Indian court against him by any of the Indian authorities.
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