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
March 25,2020

New Delhi, Mar 25: Former England cricketer Kevin Pietersen appealed to Indian citizens to stay home during the 21-day lockdown, announced by Prime Minister Narendra Modi to contain coronavirus.

"Namaste India! I have heard that your situation is like ours, PM Modi has announced a nation-wide lockdown for 21 days. I request you to follow this instruction. We will fight coronavirus together and come out to this situation. Please stay at your home and stay safe, " he tweeted in Hindi.
At the end of the message, Pietersen gave credit to his "Hindi teacher" Shreevats Goswami, who is an Indian domestic cricketer.
On Tuesday, Prime Minister Narendra Modi had said that the nationwide total lockdown will be in place for three weeks to combat the coronavirus menace.

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Agencies
August 7,2020

Islamabad, Aug 7: Former Pakistani fast bowler Shoaib Akhtar, known for his blistering deliveries on the cricket field, recently baffled many with a deadly off-field bouncer by claiming he is willing to eat grass if it enabled an increase in budget for his country's Army!

"If Allah ever gives me the authority, I will eat grass myself but I will increase the budget of the army," said Akhtar in an interview with ARY News.

The 'Rawalpindi Express', considered the fastest bowler in history said he does not understand why the civilian sector cannot work in collaboration with the Armed forces.

"I will ask my army chief to sit with me and make decisions. If the budget is 20 per cent, I will make it 60 per cent. If we insult each other, the loss is ours only," the once feared fast-bowler said.

Akthar had also claimed to ARY News interview that he was willing to take a bullet for his country and had turned down a county stint just because he wanted to fight the 1999 Kargil War.

Ties between India and Pakistan have been strained in the recent months over several issues, the latest being Pakistan's attempt to broach in the UNSC the issue of Kashmir on the first anniversary of the India's move to scrap the special status of Jammu and Kashmir and to split the erstwhile state into two union territories .

Pakistan also has not been in a good financial position and under prime minister Imran Khan, himself an all rounder cricketer, has added nearly USD 22 billion, that is 35 per cent to the nation's international debt pile in the last two years, according to an Asia Times report in July.

While Pakistan recently received USD 1.39 billion from the IMF to cushion the economic shocks caused due to COVID-19 outbreak, Akthar had a few months ago proposed that a joint cricket match be played between India and Pakistan to raise funds to fight the coronavirus. The suggestion that was put down by cricketers in India.

Meanwhile the 'Pindi boy' whose deadly pace and bounce was once dreaded by batsmen had recently taken to Twitter to deny former India cricketer Virender Sehwag's claim of sledging him.

Sehwag along with other Indian crickerters such as Harbhajan Singh and even Rahul Dravid had been at the receiving end of Akthar's sledging and antics during their playing days.

"Yes, totally self made story by him. Mujhe yeh bol k bach k jana kidhar tha us nay," Akthar tweeted to a report in which Sehwag claimed that he had sledged the 'Rawalpindi Express' by telling him that Sachin Tendulkar was his father.

During an awards ceremony Sehwag had recounted that fed up with Akthar's sledging and retaliated by telling him to say the same things to Tendulkar, who smashed the 'Pindi boy' for a six. Sehwag quipped that he told Akthar then that "Baap baap hota hai".

In the recent ARY interview, asked about the allegation made against him by former India cricketer Virendra Sehwag that he makes pro-India comments for greater following on social media channels, Akhtar said, "I cannot talk on the basis of hate." 

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News Network
March 13,2020

Mar 13: The start of the Indian Premier League (IPL), the world's most lucrative cricket competition, has been postponed from March 29 until April 15 over the coronavirus, the Indian cricket board said Friday.

"The Board of Control for Cricket in India has decided to suspend IPL 2020 till 15th April 2020, as a precautionary measure against the ongoing Novel Coronavirus (COVID-19) situation," the BCCI said in a statement.

The two-month Twenty20 competition is estimated to generate more than $11 billion for the Indian economy and involves cricket's top international stars.

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