23 September, 2020

Caught In The Slips

Supreme Court turns spotlight on firms linked to Mr and Mrs Dhoni in Amrapali real estate default case

Courtesy: BCCI
Caught In The Slips
outlookindia.com
2019-07-26T11:19:06+05:30

Mahendra Singh Dhoni is headlining again—no, Mahi hasn’t announced his retirement from ODIs, haven’t changed his hairstyle, or bought another superbike. The former Indian captain and wife Sakshi landed in a controversy this week vis-a-vis the debt-riddled Amra­pali Group, the realtor Dhoni had end­orsed as brand ambassador sometime ago until they fell out over all­eged unpaid dues to the cricketer. On Tuesday, the Supreme Court observed that Amrapali—in the dock for unfini­shed housing projects in Noida and Greater Noida—had created several companies “to route funds” collec­ted from homebuyers. And according to a Supreme Court-appointed auditor’s report, one of these companies—Amrapali Mahi Developers Private Limited—has Sakshi as its director, while the other—Amrapali Media Vis­ion Private Limited—paid Rs 24 crore to Rhiti Sports Management Private Limited, a company in which Dhoni has stakes. Rhiti used to manage his commercial interests as well.

“Several companies were...

unsub

THIS ARTICLE IS PRICELESS...

To read this piece, and more such stories in India's most exciting and exacting magazine, plus get access to our 25-year archives goldmine, please subscribe.


Latest Magazine

September 28, 2020
content

other articles from the issue

articles from the previous issue

Other magazine section