In a video message posted on social media, Modi said the tribunal’s verdict had finally established the truth behind his stand on the case.
“I’m really happy with the verdict. It’s really been a great day. Sixteen years I have fought and whatever I have been saying to the media and to everybody has finally emerged as the truth,” Modi said.
The tribunal held that the foreign remittances in question were current-account transactions that did not require prior RBI (Reserve Bank of India) approval and also ruled that Modi was not responsible for ensuring the BCCI’s compliance with the Foreign Exchange Management Act (FEMA).
Modi, who has been living in London since leaving India in 2010 amid multiple investigations, said the legal chapter was now behind him.
“I’m going to move on in my life and I’m looking forward to coming back to India. Yes, I will come back probably at the end of this year or early next year. My daughter is due with my grandson in October and hopefully everything will be well and I’ll be back in India,” he said.
In a separate post on X, Modi said India had always remained close to him despite his prolonged stay overseas.
“India has always been a part of who I am. The legal process has taken its course, and I respect that. I look forward to visiting my country again, meeting old friends, from time to time and contributing in every positive way I can.”
Modi, 62, also clarified that he will continue to live in London.
“My home remains in London, and that is where I will continue to live, but my heart has never stopped beating for India,” he wrote.
Modi, the architect of the IPL, maintained that his actions throughout the 2009 episode were guided solely by the interests of the tournament.
“I was only concerned with the well-being of the IPL and nothing at all. That is the most dear to me,” he said.
The ED case stemmed from the relocation of the 2009 IPL season to South Africa, when the tournament clashed with general elections in India.
The agency had alleged violations of FEMA provisions in relation to foreign-exchange transactions linked to the event, but the tribunal rejected the central basis of those allegations while granting relief to Modi and other officials.
