Lalit Modi
π€ SpeakerAppearances Over Time
Podcast Appearances
There is a lot of money gambled on cricket in India broadly and on IPL specifically after it gets going.
There is a lot of money gambled on cricket in India broadly and on IPL specifically after it gets going.
Yeah, so much so, the statistic is that just trackable bets placed through, Ben, like you said, foreign bookmakers in countries where gambling is legal on IPL matches, I believe is something on the order of like $750 million per match. It's a big business. Huge. And that's just what is trackable legally in foreign countries. Clearly, there is also a big domestic bookmaking market happening there.
Yeah, so much so, the statistic is that just trackable bets placed through, Ben, like you said, foreign bookmakers in countries where gambling is legal on IPL matches, I believe is something on the order of like $750 million per match. It's a big business. Huge. And that's just what is trackable legally in foreign countries. Clearly, there is also a big domestic bookmaking market happening there.
Here, too, it's just happening by the underworld, the mafia. So the accusations are that Modi is participating in this and actively betting on games. Obviously, these are really serious accusations. The courts in India, the legal system gets involved. The police get involved.
Here, too, it's just happening by the underworld, the mafia. So the accusations are that Modi is participating in this and actively betting on games. Obviously, these are really serious accusations. The courts in India, the legal system gets involved. The police get involved.
As this is all going down, Modi ends up leaving India and relocating to London, where he still lives to this day, and he has not set foot back in India since 2010 when this all goes down.
As this is all going down, Modi ends up leaving India and relocating to London, where he still lives to this day, and he has not set foot back in India since 2010 when this all goes down.
Yes. Modi, of course, denies all of this and defends himself vehemently to this day. You might ask, why did he leave the country then when all this went down?
Yes. Modi, of course, denies all of this and defends himself vehemently to this day. You might ask, why did he leave the country then when all this went down?
He actually recently said on a podcast and has said this publicly in several news outlets that the Indian mafia had placed a hit on him and were looking to take his life, as he put it, because he refused to allow match fixing to happen again. in the IPL, and obviously the mafia wanted match fixing to happen.
He actually recently said on a podcast and has said this publicly in several news outlets that the Indian mafia had placed a hit on him and were looking to take his life, as he put it, because he refused to allow match fixing to happen again. in the IPL, and obviously the mafia wanted match fixing to happen.
They're facilitating all this illegal betting that's happening, and wouldn't it be great if we could also fix the matches? Dark stuff.
They're facilitating all this illegal betting that's happening, and wouldn't it be great if we could also fix the matches? Dark stuff.
You know, as we started off the episode with, he's a colorful character. I think what really happened here, and the major point is... hey, everything was working great as long as the music was playing and Lollet never lost money for any of his partners. And then that happened and then the knives came out.
You know, as we started off the episode with, he's a colorful character. I think what really happened here, and the major point is... hey, everything was working great as long as the music was playing and Lollet never lost money for any of his partners. And then that happened and then the knives came out.
And it's interesting, quite interesting, all these very serious allegations that get brought up against Modi and then he ultimately, the BCCI, decides that he did do them and bans him for life in 2013.
And it's interesting, quite interesting, all these very serious allegations that get brought up against Modi and then he ultimately, the BCCI, decides that he did do them and bans him for life in 2013.
Because the chairperson of the BCCI at this point in time and Lalit's great rival, who's one of the forces behind ousting him, is N. Srinivasan, the owner of the Chennai Super Kings, via his family's business, Indian Cements.
Because the chairperson of the BCCI at this point in time and Lalit's great rival, who's one of the forces behind ousting him, is N. Srinivasan, the owner of the Chennai Super Kings, via his family's business, Indian Cements.