IPL founder Lalit Modi set to return to India after 16 years

IPL founder and former chairman Lalit Modi has said he plans to return to India after 16 years after receiving major relief from the Appellate Tribunal in the 2009 Indian Premier League South Africa Foreign Exchange Management Act (FEMA) case.

Modi, who has lived outside India since 2010, said the tribunal's verdict had brought an end to a legal battle that lasted 16 years. He added that he hopes to return to India by the end of this year or early next year.

"I'm really happy with the verdict yesterday. It's really been a great day. Sixteen years I have fought and whatever I have been saying to the



media and to everybody has finally emerged as the truth. I'm really happy that the tribunal has ruled in my favour. I was only concerned with the well-being of the IPL and nothing and nothing at all. That is the most dear to me. Now that chapter is behind me, I'm going to move on in my life and I'm looking forward to coming back to India."

Modi said he expects to return after the birth of his grandson later this year.

"I will come back probably end of this year or early next year. My daughter is due with my grandson in October and hopefully everything will be well and I'll be back in India."