Lalit Modi Acquires Vanuatu Citizenship Amid Ongoing Financial Misconduct Cases
The former IPL chairman, wanted in India for alleged financial crimes, has surrendered his Indian passport after obtaining citizenship in the Pacific island nation.
- 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.
Hindustan Times 
