Indian Cricket Team superstar Shubman Gill, along with three other Gujarat Titans players, has received summons from the Gujarat CID in connection with a Rs 450-crore Ponzi scam. The players are accused of making investments in Bhupendrasinh Zala's companies, which promised high returns but failed to deliver. However, there is no concrete evidence to suggest Gill's involvement in the scam at this point.
Shubman Gill and Gujarat Titans Players Summoned in Rs 450 Crore Ponzi Scam
Background:
On January 26, 2023, the Gujarat CID summoned Indian cricket star Shubman Gill, along with three other Gujarat Titans players, in connection with a massive Rs 450 crore Ponzi scam. The players are alleged to have invested in companies owned by Bhupendrasinh Zala, who promised high returns but failed to deliver.
Allegations:
The CID has alleged that the players invested their money in Zala's companies through a financial advisor named Komal Patel. Zala's companies claimed to be involved in real estate, agriculture, and other businesses. However, investigators believe that these companies were actually used as a front for a ponzi scheme.
Players Summoned:
Along with Gill, the other players summoned are Hardik Pandya, Mohammed Shami, and Rituraj Gaikwad. The players are required to appear before the CID on February 7, 2023, to record their statements.
Current Status:
The CID is still investigating the scam and has not charged any of the players with any wrongdoing. Gill and the other players have denied any involvement in the scheme. No concrete evidence has been presented to suggest their direct involvement at this point.
FAQs:
1. What is a Ponzi scheme?
A Ponzi scheme is a fraudulent investment scheme that pays returns to investors from the money invested by new investors, rather than from legitimate business activities.
2. Why are the Gujarat Titans players being summoned?
The players are being summoned because they are alleged to have invested their money in companies linked to the Ponzi scheme.
3. Have any of the players been charged?
No, none of the players have been charged with any wrongdoing at this time.
4. What are the consequences if the players are found to be involved?
If the players are found to have been involved in the scam, they could face criminal charges and financial penalties.
5. What is the impact on the Gujarat Titans team?
The team has not commented on the allegations against the players and it is unclear at this time what impact, if any, it will have on the team.
Australia's captain Alyssa Healy's poor performance behind the wickets was overshadowed by her exceptional batting skills as she led her team to a comfortable 10-wicket win against Bangladesh in their Women's World Cup match. Her opening partner Phoebe Litchfield also remained unbeaten on 84 as Australia chased down the target of 199 in just 24.5 overs. Healy, who was named Player of the Match in their previous game against India, also praised her teammate Alana King for her impressive bowling performance.
During a match on the latest episode of AEW Dynamite, one of the leaders of La Facción Ingobernable reportedly dislocated his elbow after getting caught on the bottom rope. Despite the injury, he managed to continue with the post-match beatdown. It is uncertain if the injury will affect his future matches, including one scheduled for the following day in Mexico. Viewers can catch up on all the details of the incident and the rest of the AEW episode here.
After major flight delays and security restrictions, star Indian cricketers Rohit Sharma, Virat Kohli, and Shubman Gill landed in Perth for the upcoming ODI series against Australia. Along with the rest of the team, they will face off against Australia starting on October 19 in Perth, followed by matches in Adelaide and Sydney. Questions about the future of Rohit and Kohli in the ODI team have sparked debate among fans.
Former New Zealand captain, Kane Williamson, has been signed on as the strategic advisor for IPL team, Lucknow Super Giants. He will be replacing Zaheer Khan and will be working with the likes of Justin Langer and Rishabh Pant. Williamson's appointment comes after a three-month-long process that began during his time in the UK, where he was also involved in the Hundred. The Super Giants will be looking to improve their performance after a seventh-place finish in IPL 2025.
Amidst speculations of his retirement, Virat Kohli, the iconic former captain of the Indian cricket team, took to social media to share a powerful message of resilience. With the first match of the Australian ODI series approaching, all eyes are on Kohli and his fellow veteran teammate Rohit Sharma, who will be returning to the squad as a player but not as captain. As the two legends approach the end of their international careers, fans are eagerly waiting to see how they fare on the field.
Indian cricketer Shreyas Iyer has collaborated with the faith-tech platform Bhagavad Gita for All, highlighting the use of the Gita's teachings for improved performance and mental wellness. With over 10,000 books sold and 1 lakh users on its mobile app, the platform aims to bring ancient wisdom into daily life through modern tech. Iyer's composure and focus on the field make him a perfect fit for this partnership, which also aims to reach Gen Z and Millennials for high-performance training.
The city of Ahmedabad in Gujarat, India has been recommended as the host city for the 2030 Commonwealth Games by the Commonwealth Sport's Executive Board. This decision is set to be finalized on November 26 at the body's General Assembly, after being sent to the full membership of Commonwealth Sport. Gujarat Chief Minister, Bhupendra Patel, expressed his pride and gratitude towards Prime Minister Narendra Modi for their vision and commitment towards making Ahmedabad the Sporting Capital of India.
Despite two goals from Ronaldo, Portugal was unable to secure their spot in the 2026 World Cup. Ronaldo's impressive performance, including his 40th and 41st World Cup qualifying goals, wasn't enough to overcome Hungary's late equalizer. Portugal will have to wait until November for another chance to qualify, with hopes of giving their star player one final shot at a major tournament.
In a heated match between India and Singapore in the AFC Asian Cup 2027 Qualifiers, the Blue Tigers suffered a painful defeat as they failed to capitalize on their chances. Despite an early goal from Lallianzuala Chhangte, India's hopes were extinguished as Song Ui-young scored twice for Singapore, sealing their first win of the qualifying campaign. With just two points from four matches, India's chances of advancing to the next round now hang by a thread, as they would need to win all their remaining matches and hope for other results to go their way.
In a thrilling AFC Asian Cup qualifier match, Singapore stunned India with a 2-1 away victory, effectively ending the latter's hopes of qualification. Despite India's early lead through a stunning goal from Chhangte, Song Ui-young's clinical brace secured the win for Singapore. The result leaves India at the bottom of their group, while Singapore stays within reach of group leaders Hong Kong. India's missed chances ultimately proved costly, as their promising front-foot approach fell short in the end.