Lalit Modi and Vijay Mallya are two of India's notable economic offenders, accused of scams involving crores of rupees and money laundering. Lalit Modi is infamous for his financial irregularities with the IPL, while Vijay Mallya is known for the Kingfisher Airlines loan defaults. By December 2025, extradition efforts have progressed, yet success remains elusive. Recently, a controversial video labeled them as 'India's biggest fugitives.' Let's delve into their full story.
The Story of Lalit Modi
Lalit Modi was the founder and the first commissioner of IPL, which began in 2008. Under his vision, IPL transformed cricket into a commercial giant, generating billions. However, post the third season in 2010, severe allegations surfaced against him. BCCI suspended him for misconduct, indiscipline, and financial irregularities. He faced accusations of malpractices in IPL franchise bidding and fund misuse. By 2013, BCCI imposed a lifetime ban on him.
IPL Scam: Allegations of Money Laundering
In 2010, during IPL, Modi faced accusations of money laundering and tax evasion. The Enforcement Directorate (ED) began a probe, revealing that over Rs 125 crore linked to the IPL franchise found its way to Modi. BCCI lodged a complaint alleging that Modi and his cohort misused Rs 468 crore. He was also accused of betting, match-fixing, and illicit generation of money. Tax and foreign exchange inspectors raided his premises. Modi categorically denied the allegations, yet investigations pressed on.
Modi Fled to London, Seeking Asylum
In 2010, amid the investigation, Lalit Modi absconded to London, citing threats to his life. The Indian government, through the ED, formally charged him in the money laundering case. A red corner notice from Interpol was sought, but in 2017, due to insufficient evidence, it was rejected. However, ED's probe continued, with Singapore-based data requested, yet erroneous data delayed progress by a year. Modi attempted to shield himself from extradition by obtaining Vanuatu citizenship.
Status of Modi’s Extradition Case
As of December 2025, Lalit Modi’s extradition case lingers in a London court. The Indian government, through ED and CBI, persistently pursues this matter. Modi is entangled in multiple fraud and money laundering cases. A party video with Vijay Mallya tagging themselves as 'fugitives' caused a stir. The government asserts the extradition process is underway, though a final decision remains pending. Modi is active on social media, persistently refuting the charges.
Impact of Modi's Scandal
Lalit Modi's IPL scandal severely impacted Indian cricket, tarnishing BCCI's reputation and raising questions about IPL's transparency. Misuse of funds shook investor confidence. ED discovered that money was transferred via foreign entities. Modi also faced allegations of colluding with government ministers. This scandal amplified calls for reforms in India's sports business sector.
Legal Challenges in the Case
Cases against Lalit Modi persist with the ED and CBI. India must present robust evidence at the London extradition hearings. Modi has repeatedly appealed in court without success. The 2025 video controversy has intensified efforts. Should extradition proceed, Modi faces trial in India, testing the Indo-UK extradition treaty.
The Tale of Vijay Mallya
Vijay Mallya, chairman of the UB Group, launched Kingfisher Airlines in 2005. Known as the 'King of Good Times,' the airline offered opulent services but faced financial woes. From 2008-2012, Mallya borrowed over Rs 9000 crore from banks, but the company nosedived, ceasing operations in 2012. Mallya encountered accusations of loan diversion and fraud.
The Loan Default Story
Kingfisher Airlines secured loans from 17 banks, including the State Bank of India, but failed to repay. CBI's investigations revealed Mallya diverted funds for personal use. He faced cheating, criminal conspiracy, and money laundering charges. Over five lakh transactions underwent scrutiny, revealing money transfer to foreign accounts. In 2016, CBI charged Mallya with cheating. The scam's value is estimated at Rs 9000 crore.
Vijay Mallya Absconded from India
In 2016, as investigations intensified, Vijay Mallya escaped to London. ED and CBI issued non-bailable warrants against him. By 2019, a special court declared him a fugitive economic offender. Mallya claimed he did not flee willingly but sought settlements, a request denied by banks. His assets were seized, though not all recoveries were achieved.
Status of Mallya’s Extradition Case
As of December 2025, Vijay Mallya's extradition case is progressing. The Bombay High Court instructed Mallya to return to India for a hearing on the 'fugitive' tag appeal. A return date was set for February 11. The London court approved extradition in 2019, but appeals continue. A recent video with Modi reignited controversy. The government anticipates their extradition soon.
Ripple Effects of Mallya's Scandal
Vijay Mallya's scandal highlighted vulnerabilities in India's banking sector. Non-performing assets (NPAs) surged, inflicting losses on banks. It intensified demands for stricter corporate loan policies. The 2018 Fugitive Economic Offenders (FEO) Act was conceived to handle such cases. Mallya's case became a benchmark for other fugitives, like Nirav Modi. This case imposed a hefty burden on the national economy.
Legal Hurdles in Mallya's Case
Mallya filed several appeals in the UK, causing extradition delays. India presented evidence, but Mallya contested prison conditions. In 2025, the Bombay HC denied remote hearings. ED recovered some assets through sales. If extradited, Mallya faces trial in a CBI court, vital for curbing bank fraud.
The Future of Both Cases
The cases of Lalit Modi and Vijay Mallya remain complex challenges for India. Both residing in London, extradition efforts continue. Modi's case focuses on evidence, while Mallya's approaches resolution. Recent video content inflamed public sentiment. Successful extradition promises a triumph of justice. These cases emphasize the need for strict economic crime measures.
