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 30,2020

New York, May 30: Cricket superstar Virat Kohli remains the only Indian in the Forbes' list of world's highest-paid athletes with total earnings of USD 26 million, jumping to the 66th spot from 100 in the 2020 standings.

Kohli's earnings from endorsement stand at USD 24 million and USD 2 million from salary/winnings. The 31-year-old is also the only cricketer in the top-100 list.

With earnings of USD 25 million, Kohli was ranked 100th in 2019 and 83rd in 2018 with USD 24 million.

Tennis legend Roger Federer has toped the list for the first time with earnings of USD 106.3 million, rising from fifth place last year.

Football icons Cristiano Ronaldo and Lionel Messi are second and third respectively with earnings of USD 105 and USD 104 million.

The others in the top-10 are Neymar (football), LeBron James (basketball), Stephen Curry (basketball), Kevin Durrant (basketball), Tigers Woods (golf), Kirk Cousins (American football) and Carson Wentz (American football).

The athletes' earnings have been impacted by the COVID-19 pandemic which led to suspension of sporting activities all around the world.

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Sunday, 31 May 2020

Saina Nehwal is the only Indian to feature in the world’s 20 most charitable athletes, as per a list compiled by the US based website in Athletes Gone Good. 

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Agencies
January 6,2020

Washington D.C., Jan 6: 'The Irishman,' and 'Two Popes' were shut out from the winners list despite getting multiple nominations, the movies didn't win a single award at the Golden Globes Award held on Sunday (local time). Other movies in the list include 'Bombshell,' 'Dolemite Is My Name,' 'Harriet,' 'Jojo Rabbit,' 'Knives Out' and 'Little Women.'

According to The Hollywood Reporter, 'The Irishman' may have gone into the 2020 Golden Globes with the second-highest number of film nominations, tied with 'Once Upon a Time in Hollywood' with five nods, but Martin Scorsese's highly anticipated mob epic for Netflix was completely shut out at the award ceremony.

Netflix landed the most film nominations of any company with 17 mentions, but it won only one award which is the best-supporting actress for 'Marriage Story's' Laura Dern. Netflix's nominated films 'Dolemite Is My Name' and 'The Two Popes' was tied with 'Joker' with four mentions each and failed to grab any awards.

'Dolemite Is My Name' star Eddie Murphy was expected by a number of pundits to win for best actor in a motion picture, musical or comedy.

'Bombshell', 'Harriet',' Frozen 2', 'Jojo Rabbit', 'Knives Out', 'The Lion King', 'Little Women' and 'Pain and Glory' are among the other films that received multiple nominations but didn't win a single award.

On the TV side, Netflix's 'Unbelievable' tied in the race to most small-screen nominations with 'Chernobyl' and 'The Crown' with four nominations, and 'The Crown' won only one award, for star Olivia Colman.

The three-time nominees 'Barry', 'Big Little Lies', 'The Kominsky Method' and 'The Morning Show' also didn't grab any award. 'Catch-22', 'Killing Eve', 'The Marvelous Mrs. Maisel' and 'The Politician' who were two-time nominees that were also iced out.

'Hustlers' star Jennifer Lopez failed to take home the best-supporting actress award as she was predicted to win the award by a number of pundits. Billy porter also failed to make history with the best drama actor win for his role on 'Pose,' if he would've won the award, he reportedly would have been the first openly gay African-American to win that award.

'Chernobyl' won two of its four nominations. Despite that, star Jared Harris didn't win the best actor in a limited series Globe which was predicted by many prognosticators. The award was bagged by Russell Crowe for his portrayal of Roger Ailes in 'The Loudest Voice.' But the star was absent from the ceremony.

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Agencies
January 9,2020

Kuala Lumpur, Jan 9: BWF World Championships defending champion PV Sindhu on Thursday cruised to the quarterfinals of the ongoing Malaysia Masters after winning a second-round match.

The 24-year-old had the upper hand in the clash and thrashed Japan's Aya Ohori in straight games 21-10, 21-15 that lasted for 34-minute. The world number six will now play in her quarterfinal match on January 10.

Earlier in the day, Saina Nehwal defeated South Korea's An Se Young 25-23, 21-12 in 38 minutes. The first game saw back and forth action between both shuttlers. In the end, Nehwal kept her cool to win the match.

On Wednesday, the 29-year-old had outclassed Belgium's Lianne Tan 21-15, 21-17 to progress to the pre-quarterfinals.

Shuttlers Parupalli Kashyap and Kidambi Srikanth crashed out of the tournament after losing their matches to Japan's Kento Momota and Chou Tien Chen of Chinese Taipei respectively. 

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