According to a news report in the Economic Times of India, Indian billionaire Lalit Modi, the commissioner of the Indian Premier League, is the subject of a government report prepared by the Income Tax Department of India that alleges he may be connected to money laundering and the fixing of cricket games. The report apparently alleges that until four years ago, Mr. Modi had a trail of failed ventures and now has a luxurious lifestyle that includes expensive cars, several homes, and a private jet and yacht. No charges have been laid against Mr. Modi, however, India’s News X has reported that several of Mr. Modi’s offices and residences were the subject of a search by the Income Tax Department.