Former Indian Premier League Commissioner Lalit Modi has been banned from holding any position in Indian cricket by the Board of Control for Cricket in India (BCCI).
The decision to ban Mr Modi, 49, was taken at a Special General Meeting (SGM) of the BCCI in Chennai on Wednesday, a meeting that the London-based multi-millionaire had sought to halt with a plea to the Supreme Court.
Supreme Court judges however, dismissed Mr Modi's appeal paving the way for the BCCI to censure the man who founded India's multi-billion dollar domestic Twenty20 league.
Ironically, Mr Modi was banned for what the BCCI termed "Financial Irregularities" and "Misconduct" that took place whilst he was IPL Commissioner from 2008 to 2010.
The BCCI issued a statement following the SGM saying: "The Board has resolved that Mr. Lalit Modi is guilty of committing acts of serious misconduct and indiscipline, and therefore, in exercise of powers as per Regulation 32 of the Memorandum and Rules and Regulations of the Board, Mr. Lalit Modi is hereby expelled from the BCCI. He shall forfeit all his rights and privileges as Administrator. He shall not in future be entitled to hold any position or office, or be admitted in any Committee or any member or associate member of the Board."
The BCCI's disciplinary committee had earlier found Modi guilty on eight different charges of "various acts of indiscipline and misconduct".
The charges, relating to irregularities in various financial and administrative matters of the IPL including the sale of franchise and media rights, were pressed by the BCCI in 2010 soon after Modi's dramatic exit from the league he founded.
The committee found Modi guilty of rigging bids during the franchise auction in 2010, arm-twisting the Kochi franchise and threatening to terminate their franchise agreement in favour of another bidder, selling media and internet rights without proper authorisation from the BCCI and showing interest in creating a rebel T20 league in England without the knowledge of the BCCI and the ECB.BLOG COMMENTS POWERED BY DISQUS