Lalit Modi Acquires Vanuatu Citizenship Amid Legal Troubles
Lalit Modi has acquired Vanuatu citizenship amid allegations of money laundering and tax evasion, while also applying to surrender his Indian passport. Vanuatu’s golden passport program allows quick, minimal documentation citizenship purchases.
Lalit Modi, the former chairman of the Indian Premier League (IPL) and a fugitive, has recently acquired citizenship in Vanuatu, a move confirmed by the Ministry of External Affairs (MEA) during a media briefing. Modi is currently facing serious allegations, including money laundering and tax evasion. The MEA stated that he has applied to surrender his Indian passport at the High Commission in London and has also obtained Vanuatu citizenship.
In summary, Lalit Modi’s acquisition of Vanuatu citizenship highlights the challenges India faces in pursuing legal action against him. The ease of obtaining this citizenship, coupled with its advantageous taxation policies, marks a significant trend, drawing attention to the potential risks associated with lax passport programs.
Original Source: www.indiatoday.in
