Business Ethics

An Assignment

On

LALIT MODI

AND

SURESH KALMADI

LALIT MODI

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Lalit Kumar Modi born on November 29, 1963, Delhi, India is the founder and architect of the Indian Premier League He is best known for his stint as the Chairman and Commissioner of the Indian Premier League and the Chairman of the Champions League, between 2008 and 2010, he has also occupied the roles of Vice President of the Board of Control for Cricket in India (BCCI), between 2005 and September 2010, and Vice President of the Punjab Cricket Association.
Lalit Modi is also the President and Managing Director of Modi Enterprises and the Executive Director of Godfrey Phillips India
His Background:
Lalit Modi was born in a wealthy
The IPL has since grown into one of the world's biggest sports, worth over US$4 billion. The commercial success of the Indian Premier League and Modi's control of the league has led to him being compared to Don King and Bernie Ecclestone.

In 2010, Modi oversaw the bidding process and creation of two new teams in the Indian Premier League. Pune and Kochi were declared the new franchises. A Twitter entry by Modi declaring the stakeholders of the Kochi IPL Team allegedly breaching confidentiality agreements led to the resignation of the then Indian Minister of State for External Affairs Dr. Shashi Tharoor.

Modi was then suspended as Chairman and Commissioner of the IPL in April 2010. A suspension notice and a 34-page letter stating 22 charges of impropriety were served via email to Modi. Modi publicly protested his innocence immediately after the 2010 Indian Premier League Final had been played.

An income tax department report on Modi has revealed that he holds a silent stake in three IPL teams - the Rajasthan Royals, Kolkata Knight Riders and Kings XI Punjab. Furthermore, there are questions as to whether Modi was involved in match fixing and betting in Indian Premier League games. He is also under fire for helping his family and friends buy stakes in Indian Premier League teams.

IPL SCAM:
On October 4th 2010 BCCI charged 5 cases:
There are five clear scams that the BCCI has charged Lalit Modi with.

ScamNo.1:
Scam number one as