IPL founder Modi denies deceit during London court fight with venture capitalist

A businessman who founded the Indian Premier League (IPL) cricket competition has “emphatically denied” deceit allegations after becoming embroiled in a High Court fight in London over millions of pounds with a venture capitalist.

Lalit Modi has been sued by former model Gurpreet Gill Maag and Quantum Care, a company she runs.

Judge Murray Rosen is hearing evidence at a trial in London due to end next week.

Mrs Maag wants damages after investing nearly £750,000 (a million US dollars) into a healthcare company called Ion Care which Mr Modi was behind.

Gurpreet Gill Maag arrives at the Rolls Building at the High Court in London (Kirsty O’Connor/PA)

(PA Wire)

She is alleging “fraudulent misrepresentation and breach of contract”.

Mrs Maag says she invested after Mr Modi “represented” to her that the Duke of York was among several high-profile people who were “patrons” of Ion Care – which offered cancer treatment.

She has told the judge that the King and Queen of Spain – Felipe VI and Queen Letizia – were also included as “patrons” in an investor “pitch”.

In a written witness statement, Mrs Maag said: “Lalit said that Prince Andrew was very dear friend, with whom he commonly interacted.

“Lalit led me to believe, and I did believe – and indeed was impressed – that these very influential people had already agreed to be involved in ION Care.”

She said celebrities including footballer Cristiano Ronaldo and tennis player Roger Federer were also…

READ FULL STORY AT independent.co.uk

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