Official sources said today that the agency has moved an official request in this regard to the Union Home Ministry with a copy of a recently issued non-bailable warrant by a Mumbai court against Modi.

"The ED has sought initiation of extradition proceedings against Lalit Modi based on a court warrant against him. It has been indicated by the agency that the man they are looking for is in the United Kingdom," they said.

Modi has been denying any wrong doing as alleged by the ED which claimed that he cheated BCCI-IPL in granting overseas telecast rights of the cricket tournament in 2009.

The ED has been wanting Modi to 'join investigations' in a case relating to T-20 cricket Indian Premier League (IPL) after an FIR was registered against him and others under the provisions of the Prevention of Money Laundering Act (PMLA).

Recently, Interpol authorities, for the third time sought additional information from ED investigators on their money laundering case against Modi, as part of the process to issue such a world-wide notice against him.

A Red Corner Notice is issued 'to seek the location and arrest of wanted persons with a view to extradition or similar lawful action' in a criminal case probe.

Once the said notice is issued, the Interpol seeks to arrest the person concerned in any part of the world and notifies that country to take his or her custody for further action at their end.

The ED is probing Modi, the IPL and its executives for alleged violation of anti-money laundering laws after registering a criminal FIR in 2012.

The FIR was filed after the central agency took cognisance of a cheating complaint filed by former BCCI chief N Srinivasan against Modi and half a dozen others with the Chennai police.

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