1983-2011 Posted March 20, 2012 Posted March 20, 2012 Lalit Modi has been declared bankrupt in a London court over unpaid bills of Ž£65,000 owed to a private security firm. The order was made last month and comes at a time when Modi, the former commissioner of the Indian Premier League, is awaiting the judgment from a libel trial with the retired New Zealand all-rounder Chris Cairns. Modi owes the Page Group, an international security and risk assessment company, fees for services provided in 2010. The cricket entrepreneur now lives in London and has permanent security due to threats made against him by mafia gangs in India and Pakistan. Stuart Page, the companyÃÔ chairman, said: ŪtÃÔ unfortunate that we have come to this situation but Mr Modi has given us no other option. We gave Mr Modi a number of security services in relation to threats made against him and his family. We submitted a number of invoices which were not paid. żOur] attempts to reach a settlement with Mr Modi [...] were to no avail and we were forced to take the action we have taken. A hearing will be held in London today when Modi will attempt to have the order set aside. He said: Ŷntil the order was served I was completely unaware of any outstanding monies. I have not seen any previous demands but since it came to my attention, IÃ×e even offered to lodge the sum being claimed with the court pending clarity. But for some reason, that was refused, by the company concerned. It is a ridiculous waste of everyoneÃÔ time and I can only assume it is being done in an attempt to gain some sort of publicity at my expense. Å¢ny suggestion that this order means I am unable to pay is equally ridiculous. Modi is no stranger to courtrooms. He has spent the past two weeks in the High Court in London defending a libel action brought by Cairns over a tweet he sent in January 2010 accusing him of involvement in match-fixing. After hearing from a string of witnesses over the course of eight days, the judge retired to consider his verdict last Friday and is expected to hand down a written judgment by the end of the month. If Justice David Bean finds in favour of Cairns, a separate hearing will be held to determine the level of damages Modi will be ordered to pay. http://www.telegraph.co.uk/sport/cricket/twenty20/ipl/9154244/IPL-founder-Lalit-Modi-declared-bankrupt-in-London-court-over-unpaid-private-security-bills-of-65000.html
Stuge Posted March 20, 2012 Posted March 20, 2012 I wonder what happened to the money he made in India ?is his INdian account sealed by authorities ? Even his close friend , the liquor barron, vijay mallya isn't having a great time .
DomainK Posted March 20, 2012 Posted March 20, 2012 I wonder what happened to the money he made in India ?is his INdian account sealed by authorities ? Even his close friend , the liquor barron, vijay mallya isn't having a great time . Must be somewhere in a Swiss account or somewhere illegal. Plenty of places to hide wealth in India.
Jersey #10 Posted March 20, 2012 Posted March 20, 2012 It's just an excuse to not pay his fines. He's def. worth in millions in illegal wealth.
Desi Cartman Posted March 20, 2012 Posted March 20, 2012 His father has millions IIRC :hmmmm2: yep, they are industrialists. He is a rich feker
1983-2011 Posted March 20, 2012 Author Posted March 20, 2012 i guess some people has only read the headline, A hearing will be held in London today when Modi will attempt to have the order set aside. He said: “Until the order was served I was completely unaware of any outstanding monies. I have not seen any previous demands but since it came to my attention, I’ve even offered to lodge the sum being claimed with the court pending clarity. But for some reason, that was refused, by the company concerned. It is a ridiculous waste of everyone’s time and I can only assume it is being done in an attempt to gain some sort of publicity at my expense. “Any suggestion that this order means I am unable to pay is equally ridiculous.” Modi is no stranger to courtrooms. He has spent the past two weeks in the High Court in London defending a libel action brought by Cairns over a tweet he sent in January 2010 accusing him of involvement in match-fixing.
anotherhawkeye Posted March 21, 2012 Posted March 21, 2012 morally ? That happened long time ago...he has been living below poverty line...
Sachin=GOD Posted March 21, 2012 Posted March 21, 2012 yep' date=' they are industrialists. He is a rich feker[/quote'] just checked - his father is the head of Modi Enterprises, a multi billion $ company............and this guy is supposed to be bankrupt :hysterical:
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