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IPL founder Lalit Modi tells judge he said nothing ‘false’ to venture capitalist

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businessman who founded the Indian Premier League (IPL) cricket competition and is embroiled in a High Court fight in London over millions of pounds with a venture capitalist has told a judge that he said nothing “false”.

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

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

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

I did not say anything that was false. I believed what I said to be true

Mr Modi disputes her allegations.

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.

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

Judge Rosen is hearing evidence at a trial in London due to this week.

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

Mr Modi has told the judge, in a written witness statement, that he had set out a “wish list”.

“I did not say anything that was false,” he said.

“I believed what I said to be true.”

He said he was “setting out my vision and wish list” for Ion Care – the operational business and a philanthropic foundation.

“Prince Andrew: I had spoken to him myself about Ion Care, he hadn’t committed either way,” said Mr Modi.

“That would have been on the foundation side.”

He said he had “intended to approach” the King and Queen of Spain.

Mr Modi said a number of people had featured in a “book of what we would like” and added: “This was a wish list of people we would like as patrons or brand ambassadors or to be involved with the project.”

Mrs Maag had said, in a written witness statement: “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.”

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