Overview

• Lalit Modi, former IPL chairman, has acquired citizenship in Vanuatu, a Pacific island nation known for its tax advantages and Citizenship-by-Investment program.
• Modi left India in 2010 and faces allegations of bid-rigging, money laundering, and violations of the Foreign Exchange Management Act (FEMA) 1999.
• Vanuatu offers visa-free travel to over 100 countries, no personal income tax, and allows dual citizenship, making it an attractive option for global investors.
• The Indian Ministry of External Affairs confirmed Modi's application to surrender his Indian passport and stated that legal proceedings against him will continue as per Indian law.
• Modi has denied any wrongdoing, claiming no charges have been filed against him in India, while Indian authorities maintain their pursuit of the cases.