Lalit Modi, the founding father of the Indian Premier League (IPL), has submitted a request to the Indian Excessive Fee in London to surrender his Indian passport, as confirmed by the Ministry of Exterior Affairs (MEA) on Friday.
Modi, who’s believed to have obtained citizenship of Vanuatu, a South Pacific island nation, left India in 2010 and has since been residing in London.
Additionally Learn: Lalit Modi applied to surrender his passport, acquired citizenship of Vanuatu, says MEA
He’s sought by Indian authorities for his alleged involvement in embezzling crores of rupees throughout his tenure as IPL’s high official.
Listed here are 5 key factors about Vanuatu citizenship:
No Residency Requirement: Not like many European international locations, Vanuatu doesn’t require candidates to dwell within the nation earlier than, throughout, or after buying citizenship, providing flexibility for individuals who might wish to relocate, in response to a report consulting agency Immigrant Make investments.
No Earnings Tax: Vanuatu imposes no private earnings tax on its residents, making it a sexy choice for a lot of.
Strategic Location: Vanuatu’s location on the crossroads of main commerce routes between Asia, Australia, and the Americas supplies international enterprise alternatives.
Twin Citizenship Allowed: Vanuatu permits twin citizenship, permitting people to take care of ties with their residence nation whereas having fun with the advantages of Vanuatu citizenship.
Visa-Free Journey: Holders of a Vanuatu passport can journey to over 100 international locations and territories visa-free or with a visa on arrival. They’re additionally eligible to use for a B-1/B-2 customer visa to the U.S. for enterprise or tourism functions.
The way to get hold of Vanuatu Citizenship:
Funding: The quickest method to purchase citizenship is thru an funding, ranging from $130,000.
Residency: People who’ve legally resided in Vanuatu for at the very least 10 years might apply for citizenship.
Additionally Learn: Bombay High Court slaps ₹1 lakh fine on Lalit Modi for ‘frivolous petition’ against BCCI
Descent: If a person’s dad and mom or grandparents are from Vanuatu, they might be eligible for citizenship.
Marriage: Spouses of Vanuatu residents can apply for citizenship after two years of marriage and residency within the nation.
How did the MEA react to Modi’s Vanuatu citizenship?
Ministry of External Affairs spokesperson Randhir Jaiswal said that they’re conscious of his utility to give up his passport to the Excessive Fee of India in London, and they’re persevering with to pursue all circumstances in opposition to him as per the legislation.
The Spokesperson additional added, “The identical might be examined in mild of extant guidelines and procedures. We’re additionally knowledgeable that he has acquired citizenship in Vanuatu. We proceed to pursue the case in opposition to him as required underneath legislation.”
Additionally Learn: Did Lalit Modi confirm break-up with Sushmita Sen? IPL founder posts video with new partner on Valentine’s Day
Modi’s lawyer Mehmood Abdi informed PTI, “Sure, it’s proper, Lalit Modi has put an utility in Indian Excessive Fee in London to give up Indian passport as a result of he has taken citizenship of Vanuatu. It’s required for folks taking citizenship in different nation. They wish to pursue the circumstances, there isn’t any case in truth. All of the circumstances which might be being talked about in 18 years, no court docket has charged him, and there was no chargesheet both by any company.”
No court docket of legislation in India has a case pending in opposition to me personally. It’s solely media fiction.
In a submit on X, Lalit Modi famous, “True details. No court docket of legislation in India has a case pending in opposition to me personally. It’s solely media fiction. Fifteen years have gone. However they maintain saying we’re going after me – greater than welcome to. However first file an utility for ANY WRONGDOING. INSTEAD OF JUST IMAGINING I HAVE BEEN CHARGED WITH SOMETHING WRONG. That is known as #fakenews. In different phrases maintain creating faux information so I bloster your #readership or #viewership. Solely factor that I’ve carried out single handedly is create a world beloved product known as @IPL which u lap it up like there isn’t any tomorrow. Which none of you considered and I imply none of you possibly can create or will ever create. So I do know what I’ve carried out. You recognize what you’ve gotten carried out ? GUESS NOT.”
(With inputs from businesses)
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