Lalit Modi: Lalit Modi gets a big setback, Vanuatu's Prime Minister orders to cancellation his passport
Vanuatu is an island country located in the South Pacific Ocean. The total population of this island nation is only around 3 lakhs. Vanuatu gained independence from france and britain in the year 1980. Vanuatu provides the facility of granting citizenship to rich people from all over the world under the investment program.
Former IPL administrator Lalit Modi has got a big setback. The prime minister of Vanuatu has ordered the cancellation of Lalit Modi's passport. Lalit Modi has Vanuatu citizenship. It is worth noting that Lalit Modi had recently applied to give up indian citizenship. indian Foreign Ministry spokesperson Randhir jaiswal said on friday that 'Lalit Modi had applied to surrender his indian passport at the indian High Commission in London.' Jaiswal said 'We have come to know that he has Vanuatu citizenship. We will continue to take action against him as per the law.'
Vanuatu is an island nation located in the South Pacific Ocean. The total population of this island nation is just around 3 lakhs. Vanuatu gained independence from france and britain in the year 1980. Vanuatu provides the facility of granting citizenship to people from all over the world under the investment program. According to media reports, the minimum cost of getting citizenship in Vanuatu is 1.55 lakh dollars. In return for investment in Vanuatu, citizenship is obtained in just 30-60 days. According to media reports, the share of revenue received in exchange for citizenship in Vanuatu's total revenue is 30 percent. It is worth noting that india ranks 80th among the countries with the most powerful passports in the world, while the small country Vanuatu ranks 51st in this list and it is also ahead of saudi arabia and China. With Vanuatu's passport, one can get visa-free entry to 113 countries of the world.
Lalit Modi has been the former chairman of IPL and he is considered the main strategist of IPL's success. However, an investigation is going on against him for violating the rules in the Rs 425 crore deal for IPL tv rights in 2009. Lalit Modi fled to london in May 2010. After this, he was sacked by the BCCI. Lalit Modi is also accused of fraud in the auction of teams. bcci also investigated Lalit Modi on this and after finding him guilty, he was banned for life in 2013. In 2015, a non-bailable warrant was issued against Lalit Modi for his alleged involvement in the money laundering case.
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