Indian Super League: Holders Atletico De Kolkata Play Runner-Up Kerala Blasters In Opener

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.

New Delhi, Apr 28: West Indies flamboyant batsman Chris Gayle has lashed out at former teammate Ramnaresh Sarwan calling him 'worse than coronavirus'.

Gayle, the colossal figure in the shortest format of the game blamed Sarwan for his departure from Caribbean Premier League (CPL) franchise Jamaica Tallawahs.

The left-handed batsman joined St Lucia Zouks as their marquee player for the 2020 CPL season after Tallawahs chose not to retain him.

Gayle has played for Tallawahs and St Kitts and Nevis Patriots in the past. He has won the CPL title twice with the Tallawahs and played in the final with the Patriots in 2017.

"The owner of the franchise is a very nice man, I have no problem with him. I think he was actually persuaded to get rid of Chris Gayle," Gayle said in three parts on his YouTube channel.

"So someone has to be in his years telling him to get rid of Gayle. Sarwan, you are worse than the coronavirus right now. What transpired with the Tallahwahs, you had a big part to play.

Sarwan, you are a snake. You know, you are not the most loved person in the Caribbean. You are still stabbing people in the back," he added.

Gayle is the leading T20 run-scorer of all time as well as the man with the most centuries in the format. He is also the leading CPL run-scorer of all time, having amassed 2,344 runs in the tournament.