IPL scam: Lalit Modi purchased a private Jet, yatch and several expensive cars with illegal funds

According to reports, Lalit Modi recently purchased a private jet, several expensive cars and a yatch with illegal, ill-gotten funds. The funds were routed through various sources abroad including from tax havens like Mauritius. Lalit Modi owns a Mercedes and a BMW, besides other expensive cars, according to income tax sources.

Meanwhile according to a report in the Times of India, IPL commissioner Lalit Modi’s role in connection with the purchase of heritage havelis in the protected Amer Palace zone has come under the scanner of the Rajasthan government.

The Rajasthan government is mulling action against both Modi and his wife Minal, who as directors of a company, were allegedly involved in the purchase of the heritage buildings or havelis..

An inquiry by the Jaipur divisional commissioner into the issue has confirmed that the protected havelis were purchased as private properties four years back. Amer Heritage City Construction Pvt Ltd, which later changed its name to Ananda Heritage Hotels, with Lalit Modi and his wife as directors, had purchased four government havelis. Bina Kak, state tourism minister said that she had got the inquiry report.