LaLit Modi denies Blue Corner Notice

Online, October 8, 2010 (Newswire.com) - The media reports of today indicated that the Blue Corner Notice has been issued against Mr. Lalit K. Modi at the instance of Enforcement Directorate.

Neither Mr. Modi, his solicitors nor his constituted attorney (who have been corresponding with the Enforcement Directorate and appearing before them) have been served with any copy of Blue Corner Notice.

As far as the Enforcement Directorate is concerned it has not made any allegation of Mr. Modi having contravened any provision of Foreign Exchange Management Act. No show cause notice alleging any irregularities regarding Foreign Exchange has been served on Mr. Modi till date. The Enforcement Directorate had addressed communications to Mr. Modi to present himself with documents which he had co-operated.

The Enforcement Directorate had been furnished with copies of all required documents which were available with him. He had also informed the Enforcement Directorate that he had been advised against travel to India on account of an elevated threat perception to his life and had given particulars of the same.
Not only had he offered to answer all queries/ requisitions in writing but he had agreed to respond to any questions by Video Conferencing or by appearing before the officers of the Enforcement Directorate in London.

A Blue Corner Notice is a notice issued to ascertain information about identity and location of a person. In the case of Mr. Modi there is no doubt about his identity. He is residing in London which fact is also known to the Enforcement Directorate. No such Blue Corner Notice, in the case of Mr. Modi, could or ought to have therefore been issued. The issuance of such a blue corner notice, if any , is therefore uncalled for and unfortunate .