Advertisement
Monday, Jan 24, 2022
Outlook.com
Outlook.com

Rahul Dravid Cheated: Enforcement Directorate Impounds Assets Of Wealth Management Firm - Report

Rahul Dravid, in his complaint against a Bengaluru-based firm, claimed that he had been cheated of INR 4 crore.

Rahul Dravid Cheated: Enforcement Directorate Impounds Assets Of Wealth Management Firm - Report
The BCCI on Wednesday named Rahul Dravid as the new head coach of India men's national cricket team. | File Photo
Rahul Dravid Cheated: Enforcement Directorate Impounds Assets Of Wealth Management Firm - Report
outlookindia.com
2021-11-05T13:09:28+05:30

Nearly three years after Rahul Dravid's complaint, the Enforcement Directorate (ED) has attached assets of wealth management firm, Vikram Investments and its associates under the Prevention of Money Laundering Act. (More Cricket News)

In his complaint, filed in 2018, Dravid said that he had been cheated of IND 4 crore by the Bengaluru-based firm. There were also reports of many sportspersons and other celebrities being duped by the company.

According to a Deccan Herland report, besides impounding assets worth INR 34.21 crore, the ED also attached bank balance and fixed deposits to the amount of INR 1.49 crores.

Vikram Investments reportedly received a total of INR 417 crores from the public after promising the investors of higher returns.

Bangalore police had earlier arrested five persons, including a former sports journalist, in the case. But they all got bail.

Meanwhile, the Indian cricket board (BCCI) on Wednesday named Dravid as the new head coach of India men's national cricket team.

Dravid will replace Ravi Shastri as the head coach after the ICC T20 World Cup.

His tenure is for two years, till the 2023 50-over World Cup. India's home series against New Zealand, starting November 17, will be his first assignment in the new role.

Widely credited for creating India's talent pool, Dravid was the head of the National Cricket Academy (NCA) in Bengaluru.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement