Lalit Modi (Photo Credits FB)
Lalit Modi Resigns from KK Modi Family Trust: Controversial cricket administrator and former IPL chairman Lalit Modi on Sunday announced that his son Ruchir Modi will replace him as the head of the Lalit Kumar Modi (LKM) branch of the KK Modi Family Trust. He met the head of the LKM branch and K.K. Also announced his resignation as a beneficiary of the Modi Family Trust. K.K. In a letter to the members of the Modi Family Trust, Modi said that he and his mother and sister have been facing litigation for a long time and despite several rounds of talks for a settlement, they have been in a lot of trouble.
Thus he has named his son Ruchir as the successor of the LKM branch, who will handle all its affairs. Lalit Modi has said in the letter that after discussions with his daughter Alia Modi, he decided to make his son his successor. Also read: Lalit Modi Health Update: Lalit Modi hospitalized due to Covid, pneumonia
In a separate letter, he wrote to LKM branch chief and K.K. Also announced his resignation as a beneficiary of the Modi Family Trust. The move by Lalit Modi comes after he was recently hospitalized and put on oxygen support after suffering from Covid-19.
Modi later tweeted, “Considering what I have gone through, it is time to retire and move on.” I am now handing over everything to my children.
former ipl chairman lalit modi lalit modi resigns from kk modi family trust names son as successor