Ind vs Eng: India opt to bat against England in 2nd ODI

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.

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.

New Delhi, Mar 10: Six-time world champion M C Mary Kom (51kg) and world number one Amit Panghal (52kg) were among three Indian boxers who secured Olympic berths by advancing to semifinals of the Asian Qualifiers here on Monday, taking the total number of the country's Tokyo-bound pugilists to eight.

Second-seeded Mary Kom notched up a comfortable 5-0 win over Philippines' Irish Magno in her quarterfinal bout for a ticket to her second Olympic Games. She won a bronze in the 2012 London Olympics when women's boxing was first introduced at the showpiece.

The 37-year-old will square off against China's Yuan Chang in the semifinals. Chang is a former Youth Olympics champion.

Earlier, world silver-medallist and top seed Panghal edged out familiar foe Carlo Paalam of Philippines in a 4-1 split verdict to be assured of his maiden Olympic appearance and a medal at the qualifiers.

In the last Indian bout of the day, world bronze-medallist Simranjit Kaur (60kg) upstaged second seed Namuun Monkhor of Mongolia 5-0 to secure her first Olympic place.

With this, the number of Indian boxers securing Olympic berths went up to eight after Satish Kumar (+91kg), Pooja Rani (75kg), Vikas Krishan (69kg), Lovlina Borgohain (69kg) and Ashish Kumar (75kg) advanced to the semifinals on Sunday.

"I dedicate my Olympic quota to my uncle Raj Narayan, it's his birthday and he is someone who gives me a lot of courage," said Panghal after his bout.

World bronze-winner and Commonwealth Games silver-medallist Manish Kaushik, however, lost 2-3 to third seed Chinzorig Baatarsukh of Mongolia after an intense battle but is not out of contention for an Olympic berth just yet.

Kaushik has to win the box-off between losing quarterfinalists as the top six boxers will claim Tokyo tickets in the 63kg category. He will face Australia's Commonwealth Games champion Harrison Garside in the box-off. The two clashed in the CWG final in 2018 with Garside ending up on the winning side.

Panghal started India's winning run on Monday by managing to pull off a close win.

The 23-year-old, who is the reigning Asian Games and Asian Championships gold-medallist, had earlier beaten Paalam in the semifinals of the 2018 Asian Games and the quarterfinals of 2019 world championships, which were also split decisions.

"I followed the instructions given by my coaches. I ensured that he didn't get on top of me. I think I was pretty consistent in all three rounds," Panghal said.

Next up for Panghal is China's Jianguan Hu, who stunned world bronze-medallist and fourth seed Kazakh Saken Bibossinov 5-0.

"I have beaten him in the Asian Championships and I know how to get the better of him," Panghal said of his next opponent.

The Haryana lad didn't exactly look at his best during the bout but his trademark counter-attacking game fetched him the desired result against a rival, who is challenging him more with every fresh encounter.

Mary Kom, on the other hand, put out a near-perfect performance against the very spirited Magno. The Manipuri dictated the pace of the bout, drawing from her huge reservoir of experience to put Magno on the backfoot with a very effective counter-attacking strategy.

Simranjjit, also an Asian silver-medallist, will face third seed Shih-Yi Wu of Taiwan in the semifinals after a fine performance against Monkhor. Simranjit's right hand connected accurately all through.

Kaushik, who was up against an Asian Games silver-medallist, started well but lost steam in the face of relentless body shots by Baatarsukh, a two-time podium finisher at the Asian Championships.

Baatarsukh had lost to Kaushik in the second round of the world championships last year and he exacted revenge with an aggressive takedown of the Indian, especially in the final three minutes.

However, former junior world champion Sakshi Chaudhary (57kg) failed to secure an Olympic berth after going down to Korea's Im Aeji in the quarterfinals.

The 19-year-old Chaudhary lost 0-5 to Im, who is also a former world youth champion. Only the semifinalists are entitled to an Olympic berth in the women's 57kg category of the ongoing event.

Her next shot at Tokyo qualification would be the world qualifiers in May, provided she is selected for it.