Rose Valley sponsored players' jersey; no other dealing with them: KKR on ED action

News Network
February 5, 2020

New Delhi, Feb 5: IPL franchise Kolkata Knight Riders (KKR) has denied any financial dealings with the controversial Rose Valley Group except for it being a sponsor of the side's official jerseys in 2012 and 2013.

KKR issued the clarification after the Enforcement Directorate (ED) attached Rose Valley's assets worth over Rs 70 crore on Monday. The attached assets include Rs 11.87 crore bank deposits of Knight Riders Sports Pvt Ltd, that owns KKR, in connection with a money laundering probe.

The franchise said it hopes for the matter to be resolved expeditiously.

"Rose Valley Hotels was one of KKR's IPL jersey sponsors for IPL seasons 2012 and 2013. Rose Valley had paid KKR an approx. amount of Rs 11.87 crore as sponsorship fees," KKR CEO Venky Mysore said in a statement.

"KKR had no other dealings with the Rose Valley Group including Rose Valley’s micro finance business," he added.

The statement added that in July last year, KRSPL (Knight Riders Sports Pvt Ltd), received a "witness summon" from the ED in connection with an investigation relating to the Rose Valley Group, particularly its micro finance business.

"The ED continues the investigation of Rose Valley. KKR continues to cooperate with the authorities in all respects," Mysore said.

"As part of the investigative process, sometime in October 2019, the ED placed a lien on the said amount earlier paid by Rose Valley to KKR," he asserted.

The directors of KRSPL include Shah Rukh Khan's wife Gauri Khan, actor Juhi Chawla's husband Jay Mehta, Mysore and two others.

Mysore was questioned in this case by ED's Kolkata office in October last year.

Apart from KRSPL, the ED attached properties of two other entities -- Multiple Resorts Pvt. Ltd. and Kolkata's St Xavier's College on Monday.

The ED registered an FIR against the Rose Valley group, its chairman Gautam Kundu and others under the Prevention of Money Laundering Act in 2014.

Kundu was arrested by the agency in Kolkata in 2015 and is in judicial custody at present.

The ED has filed multiple charge sheets in Kolkata and Bhubaneswar courts in this connection and total attachments are now worth Rs 4,750 crore.

The group has been charged by the ED and the CBI with "illegally and fraudulently collecting deposits from public with the intention to cheat them by falsely promising high returns on their investment", thereby perpetrating a ponzi-like fraud.

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News Network
May 29,2020

Kolkata, May 29: Former skipper Kumar Sangakkara believes missing Angelo Mathews due to an injury hurt Sri Lanka badly in the summit clash of the 2011 World Cup, which hosts India won after a gap of 28 years.

Having played a key role in their thrilling semifinal win against New Zealand, Mathews was forced out of the final against India at Mumbai's Wankhede Stadium by a quadriceps muscle injury.

Reflecting on the six-wicket loss to India, the former Sri Lankan captain said Mathews' injury forced him to opt for a 6-5 combination and was also the reason behind his decision to bat first after winning the toss.

"In that WC final, that's the biggest thing I look back and think...You can talk about drop catches and all of that happens. But the composition of the side and the fact that we were forced to make the change was to me the turning point," Sangakkara said in the latest episode of Instagram series 'Reminisce with Ash' hosted by India off-spinner Ravichandran Ashwin.

Mahela Jayawardene's unbeaten 103 went in vain as India hunted down 275 with Gautam Gambhir setting up the chase with a 97-run knock before skipper Mahendra Singh Dhoni finished off in style, smashing Nuwan Kulasekara for the winning six in his unbeaten 91.

"But for 100 per cent, if Angelo (Mathews) had been fit, I know for sure we would have gone for chase... I'm not sure whether the result would have changed. That balance of team that Mathews would give at seven really was a bonus," the former wicketkeeper batsman said

"If you take our entire campaign, whatever we did Mathews' overs and his ability to bat with the tail and read situations was an incredible bonus to us. He was a young chap who came into the side and from day one he could read situations. It's just instinct, how to up the rate, how to control the bowler, when to accelerate."

During the conversation, Ashwin also asked him about the controversial toss when the coin was flipped twice amid the cacophony of the Wankhede and eventually Sangakkara elected to bat.

"The was crowd was huge. It never happens in Sri Lanka. Once I had this at Eden Gardens when I could not talk to the first slip and then of course at the Wankhede. I remember calling on the toss then Mahi wasn't sure and said did you call tail and I said no I called head.

"The match referee actually said I won the toss, Mahi said he did not. There was a little bit of confusion there and Mahi said let's have another toss of the coin and heads went up again," he said.

"I am not sure whether it was luck that I won. I believe probably India might have batted if I had lost."

The loss prolonged Sri Lanka's wait for another world title as yet again the 1996 champions failed in the final hurdle.

"Whether we win or lose, we have this equilibrium on how to take a win or loss. The smile hides a huge amount of sadness, of disappointment, of thinking of 20 million people back in Sri Lanka who had been waiting for this for so long, since 1996.

"We had an opportunity in 2011, opportunity in 2007, then T20 opportunities in 2009 and 2012," Sangakkara said.

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Agencies
April 12,2020

London, Apr 12: Former Formula 1 legendary driver Stirling Moss died at the age of 90 on Sunday.

"All at F1 send our heartfelt condolences to Lady Susie and Sir Stirling's family and friends," Formula 1 said in a statement.

Often referred to as the greatest driver never to win the world championship, Moss contested 66 Grands Prix from 1951 to 1961, driving for the likes of Vanwall, Maserati and Mercedes, where he famously formed a contented and ruthlessly effective partnership with lead driver Juan Manuel Fangio.

In his 10-year-long stint at the tracks, Moss took 16 wins, some of which rank among the truly iconic drives in the sport's history - his 1961 victories in Monaco and Germany in particular often held up as all-time classics.

Moss won the 1955 Mille Miglia on public roads for Mercedes at an average speed of close to 100mph, while he also competed in rallies and land-speed attempts.

Following an enforced retirement from racing (barring a brief comeback in saloon cars in the 1980s) after a major crash at Goodwood in 1962, Moss maintained a presence in Formula 1 as both a sports correspondent and an interested observer, before retiring from public life in January of 2018.

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News Network
February 3,2020

New Delhi, Feb 3: Former India cricketer Sanjay Manjrekar feels there are a lot of similarities between the Virat Kohli-led Team India and the Pakistan team when Imran Khan had led it as both captains instill strong self-belief in their respective teams.

Manjrekar also said that Pakistan under Imran had found different ways of winning matches even when it seemed all was lost.

"India under Virat in NZ reminds me of Pakistan under Imran. Strong self belief as a team. Pakistan under Imran found different ways of winning matches, often from losing positions. That only happens when the self belief is strong," Manjrekar tweeted.

The cricketer turned commentator expressed his opinion after India completed a rare 5-0 whitewash with a seven-run victory over New Zealand in the final T20 International in Mount Maunganui on Sunday.

Manjrekar also lauded KL Rahul, now also shouldering wicket-keeping duty, for his impressive showing in recent times.

"Samson & Pant... the next batting brigade of India obviously have the skill & the power game they just need to infuse a small dose of Virat's batting 'smarts' (mind) into their game," Manjrekar wrote.

The victory at the Bay Oval saw India stretch their record for most successive T20I wins.

This was their eighth win in a row, bettering the previous three instances when they won seven successive matches.

Kohli is the most successful Test captain in Indian cricket history, winning 11 consecutive series at home and are on top of the ICC rankings.

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