All About Island Nation That Cancelled Lalit Modi's Passport
By: EjazUlHaqBhat
Image: Unsplash
The Vanuatu government has cancelled the passport issued to Indian Premier League (IPL) founder Lalit Modi
Image: X/@LalitKModi
Vanuatu said escaping extradition was not a legitimate reason for citizenship in the island nation
Image: Unsplash
Vanuatu is an island nation in the South Pacific Ocean, about 1,750 km east of northern Australia
Image: Unsplash
It lies southeast of the Solomon Islands, northeast of New Caledonia, and west of Fiji
Image: Unsplash
The archipelago consists of approximately 83 islands stretching 650 km in a Y-shaped configuration. Port Vila serves as its capital
Image: Unsplash
Formerly administered jointly by Britain and France, Vanuatu gained independence in 1980
Image: Unsplash
Its economy depends on tourism, agriculture (copra, beef, kava, cocoa), and offshore financial services
Image: Unsplash
The nation imposes no income tax, withholding tax, capital gains tax, inheritance tax, or exchange controls, making it attractive for offshore financial activities
Image: Unsplash
ndtv.com