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CBI links Harbhajan, Yuvraj in 45000 crore ponzi scam

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New Delhi: Two of the most successful and popular Indian cricketers, Harbhajan Singh and Yuvraj Singh could face trouble as a list prepared by Central Bureau of Investigation (CBI) in ponzi scam mentions their names. The list includes names of film personalities and cricketers who received gifts from the Pearl Group.

The CBI arrested Nirmal Singh Bhangoo- Pearl’s managing director- with three others on January 9 in a Rs 45,000 crore ponzi scam. The four have been charged for cheating unsuspecting investors.

Ponzi means a type of fraud in which a person believes in the success of enterprise which does not exist and is encouraged by the payment of quick returns which in reality is the money of the new investors.

Pearls Group gifted plots in Mohali to Harbhajan and Yuvraj  when they were selected for the T20 International series against Austrailia. (ED)Enforcement Directorate and CBI seized the plots. However, Shabnam, Yuvraj’s mother said that her family and son had no connection with Pearls Group.

 

“Pearl Group informed us to gift a plot as part of World Cup winning team in 2011. However, we have not received that plot. We have no other involvement whatsoever with Pearl Group,” she said.

To promote its interests in Australia, Pearls Group made Brett Lee their brand ambassador.

Pearls Group also co-sponsored an Indian Premier League in the past and the India-West Indies ODI series in 2011.(Inputs from agencies)(image-cricinfo)

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War of Words Between Associations, Irks Ganguly

"The CAB had done nothing about it for a long time. For the pair, it was business as usual till the letter came and stirred a hornet's nest," a source close to the development said.

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Ganguly shot off a letter, a copy of which was circulated to the media, asking Banerjee not to pay heed to such cases since the complainant did not reveal his or her identity. Flickr
Ganguly shot off a letter, a copy of which was circulated to the media, asking Banerjee not to pay heed to such cases since the complainant did not reveal his or her identity. Flickr

An anonymous letter has triggered a war words between Cricket Association of Bengal (CAB) ombudsman Ushanath Banerjee and state board President Sourav Ganguly over alleged conflict of interest of selectors Palash Nandy and Madan Ghosh.

Banerjee had received an anonymous letter a few days back which pointed out that senior selection panel chief Nandy was associated with a cricket coaching camp.

Further, it alleged that Ghosh, who moved from the senior to junior selection recently was both associated with a coaching camp and had also represented White Border Club in CAB meetings previously.

“The CAB had done nothing about it for a long time. For the pair, it was business as usual till the letter came and stirred a hornet’s nest,” a source close to the development said.

Ganguly shot off a letter, a copy of which was circulated to the media, asking Banerjee not to pay heed to such cases since the complainant did not reveal his or her identity.

“The Cricket Association of Bengal will not entertain any such anonymous communication and as such you being an important part of the organisation should follow the same. I feel you are not entitled to give any reply,” Ganguly wrote.

"You have been incorrectly advised by persons without any homework being done and based on mere knowledge in the subject matter in issue," Banerjee wrote to Ganguly. Flickr
“You have been incorrectly advised by persons without any homework being done and based on mere knowledge in the subject matter in issue,” Banerjee wrote to Ganguly. Flickr

Banerjee hit back within hours using strong language. The four-page rejoinder was also circulated to the media.

Banerjee rejected the former India captain’s diktat, saying: “it is widely acknowledged that in the interest of maintaining transparency, organisations world over take cognizance of anonymous information.”

To butress his point, he cited in the letter examples of cases where the judiciary has acted on the basis of anonymous information.

“You have been incorrectly advised by persons without any homework being done and based on mere knowledge in the subject matter in issue,” Banerjee wrote to Ganguly.

“I humbly request you to kindly point out the said policy of CAB, as referred in your letter, and the date when so adopted,” the reply read.

Also Read: Sourav Ganguly receives Death threat in a Letter warning him against attending Vidyasagar University’s Cricket meet in Midnapore

When contacted, the senior advocate gave an impression that the issue had been resolved but did not want to be quoted on any further action. (IANS)

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