Disgraced former IPL chairman Lalit Modi steps down from family business following health scare, legally transfers empire to kids
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Disgraced former IPL chairman Lalit Modi announced that he would be retiring from his family business and handing the reigns to his kids. The fugitive Indian who is in exile after allegedly defrauding the BCCI during the 2009 IPL franchise bidding process was recently hospitalised. Modi Tweeted that he was stepping down as managing director of Modi Enterprises and handing it over to his kids.
