He is the scion of a multi Billion Dollar group, the industrial conglomerate founded in 1933, it has interests in agro-chemicals, tobacco, tea and beverages, education, entertainment and Real estate. He also sits on the board of Godfrey Philips, one of India's tobacco companies.
HE was charged and pleaded guilty to possession of 400 grams of cocaine, assault and kidnapping in 1985 while he was a student at Duke University,USA.studying sports management. He pleaded guilty on all charges and was sentenced to two years in prison. However, he did not serve any prison time and came back to India in 1986 after being released on probation.he returned to India to launch ESPN and 10 Sports.
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IPL Commissioner - Lalit Modi
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