HomeNewsWorldAt his new London home in Belgrave Square, Lalit Modi finds royals, old business families as neighbours

At his new London home in Belgrave Square, Lalit Modi finds royals, old business families as neighbours

Nothing can match the scale of information that seeps out from court documents and arguments. So when investor Gurpreet (Blu) Gill Maag's appeal is heard, there are bound to be new details that will throw more light on Lalit Modi’s lifestyle and what keeps him busy.

July 18, 2022 / 06:39 IST
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IPL founder Lalit Modi and Singapore-based model-turned-investor Gurpreet Gill Maag. The Maags had committed $2 million in investment in Modi's Ion Care, but stopped at $1 million when the venture failed to take off. Following a March 2022 high court judgment dismissing the deceit claim, Maag has now filed an appeal.
IPL founder Lalit Modi and Singapore-based model-turned-investor Gurpreet Gill Maag. The Maags had committed $2 million in investment in Modi's Ion Care, but stopped at $1 million when the venture failed to take off. Following a March 2022 high court judgment dismissing the deceit claim, Maag has now filed an appeal.

Lalit Modi’s pictures with model-actress Sushmita Sen had the social media in a frenzy earlier this week. It was all fun and friendly. Around the same time, Modi's legal team was hard at work preparing to face an appeal lodged by another model: Gurpreet (Blu) Gill Maag.

The appeal follows the March 2022 high court judgment which dismissed Singapore-based model-turned-investor Maag’s deceit claim against Modi, although Modi was ordered to pay the balance of $800,000 with interest.

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Maag through her company Quantum Care had invested $1 million in Lalit Modi’s cancer venture, and was suing him alleging deceit and breach of contract. She maintains that Modi had enticed her into investing by making misleading/false claims of several high-profile individuals backing his venture.

Modi denies the allegations, saying that he knows a lot of important personalities and that several such names represent a wish list of people. The venture never took off. During the February 2022 trial, Lalit Modi and his son Ruchir had given evidence and were cross-examined in court.