Mumbai: Television channels beamed the headline "Lalit Modi declared bankrupt in London court" yesterday evening, but the former Indian Premier League (IPL) Commissioner, and his India-based lawyer, are least concerned.
Modi's lawyer Mehmood Abdi defended his client. "How can you hastily call him bankrupt when he has offered to lodge the sum (to pay off the security agency)? He is already in a legal battle with Chris Cairns. I have not even heard about this prosecution. He (Modi) has already said whatever needs to be said," Abdi told MiD DAY.
An article published in London's Daily Telegraph yesterday claimed that Modi was declared bankrupt in a London court over unpaid bills of 65,000 pounds owed to a private security firm. "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," the report said.