17 January, 2021

Cheat Fund Company

As Prabhakar plays out his 'cricket's messiah' role, new evidence places him in the thick of a multi-crore chit fund scam

Cheat Fund Company

The irony couldn't have been greater. Manoj Prabhakar, the man with the "mission" of cleaning up cricket, is himself using half-truths and even blatant lies to wriggle out of a Rs 50-crore chit fund scam, engineered by a company called Apace, in which thousands of small investors from Uttar Pradesh and Madhya Pradesh have been duped of their hard-earned money. In a bid to clear his name in the chit fund fraud, Manoj has virtually tied himself up in knots. And despite his denial at a Delhi press conference, where he said (quoted by uni) that "he's in no way connected with the company, least of all as a director," incontrovertible evidence collected by Outlook shows that the former Test cricketer is neck-deep in the scam. The police have registered cases of cheating (under section 420 of the ipc) against Manoj Prabhakar and Divya Nautiyal, both directors of the Apace Group of companies.

The Evidence is Damning:

  • According to the company's documents, Prabhakar is an authorised signatory for aps Nidhi and Finance Ltd, an associate company...


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