Lalit Modi, the founding father of the Indian Premier League (IPL), has submitted a request to the Indian Excessive Fee in London to resign 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 utilized to give up 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 prime official.
Listed here are 5 key factors about Vanuatu citizenship:
No Residency Requirement: Not like many European nations, Vanuatu doesn’t require candidates to reside within the nation earlier than, throughout, or after buying citizenship, providing flexibility for many who might need to relocate, in keeping with a report consulting agency Immigrant Make investments.
No Earnings Tax: Vanuatu imposes no private earnings tax on its residents, making it a lovely possibility for a lot of.
Strategic Location: Vanuatu’s location on the crossroads of main commerce routes between Asia, Australia, and the Americas gives international enterprise alternatives.
Twin Citizenship Allowed: Vanuatu permits twin citizenship, permitting people to take care of ties with their dwelling nation whereas having fun with the advantages of Vanuatu citizenship.
Visa-Free Journey: Holders of a Vanuatu passport can journey to over 100 nations 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 best way to receive 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 not less than 10 years might apply for citizenship.
Additionally Learn: Bombay Excessive Court docket slaps ₹1 lakh advantageous on Lalit Modi for ‘frivolous petition’ in opposition to BCCI
Descent: If a person’s mother and father or grandparents are from Vanuatu, they could 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 Exterior Affairs spokesperson Randhir Jaiswal said that they’re conscious of his software to give up his passport to the Excessive Fee of India in London, and they’re persevering with to pursue all instances in opposition to him as per the legislation.
The Spokesperson additional added, “The identical shall be examined in gentle 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 affirm break-up with Sushmita Sen? IPL founder posts video with new companion on Valentine’s Day
Modi’s lawyer Mehmood Abdi advised PTI, “Sure, it’s proper, Lalit Modi has put an software 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 need to pursue the instances, there is no such thing as a case in truth. All of the instances which can be being talked about in 18 years, no courtroom has charged him, and there was no chargesheet both by any company.”
No courtroom of legislation in India has a case pending in opposition to me personally. It’s solely media fiction.
In a put up on X, Lalit Modi famous, “True details. No courtroom of legislation in India has a case pending in opposition to me personally. It’s solely media fiction. Fifteen years have gone. However they hold saying we’re going after me – greater than welcome to. However first file an software for ANY WRONGDOING. INSTEAD OF JUST IMAGINING I HAVE BEEN CHARGED WITH SOMETHING WRONG. That is referred to as #fakenews. In different phrases hold creating pretend information so I bloster your #readership or #viewership. Solely factor that I’ve carried out single handedly is create a world cherished product referred to as @IPL which u lap it up like there is no such thing as a 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 will have carried out ? GUESS NOT.”
(With inputs from businesses)
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