GET Stock QuotesNews18 APP
News18 English

Madhya Pradesh

Rajasthan

Poll in 1 seat deferred

Chhattisgarh

Telangana

Mizoram

»
1-min read

Sharapova Named In India Luxury Housing Fraud Probe

Five-time Grand Slam champion Maria Sharapova is under investigation in India for cheating and criminal conspiracy after the collapse of a luxury housing project that she endorsed, police and a lawyer said Tuesday

AFP

Updated:November 21, 2017, 4:24 PM IST
facebookTwittergoogleskypewhatsapp
Sharapova Named In India Luxury Housing Fraud Probe
(Getty Images)
Loading...
New Delhi: Five-time Grand Slam champion Maria Sharapova is under investigation in India for cheating and criminal conspiracy after the collapse of a luxury housing project that she endorsed, police and a lawyer said Tuesday.

The firm behind the development is alleged to have taken millions of dollars from homebuyers before the project folded. "We have registered a case of cheating on directions from the court," local police officer Arvind Sharma told AFP.

He said Sharapova and the firm behind the development, Homestead Infrastructure Development, were named in the case. The 30-year-old tennis star travelled to India in 2012 to launch the luxury high-rise apartment complex -- later named Ballet by Sharapova -- which prospective buyers were told would house a tennis academy, a clubhouse and a helipad.

The website of the project quotes Sharapova as saying her goal was to "make the owners feel like they own something special and different". "Any celebrity who endorses any product technically becomes an agent for that company. No one would have invested in the project if Sharapova's name was not there," said Piyush Singh, a lawyer representing the complainant.

The project in Gurgaon -- a satellite city of the capital New Delhi -- was supposed to be ready in 2016 but, Singh said, construction work was abandoned after builders collected millions from homebuyers. Calls to the developers went unanswered. Sharapova has not yet commented on the case.

Sharapova, a former world number one, made almost $30 million in 2015, according to Forbes, with $23 million of that coming from endorsements. She has had a stop-start season since her controversial return to the game in April, following a 15-month doping ban.
(Get detailed and live results of each and every seat of the state Assemblies in Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you put on the psephologist's hat. Know interesting facts and trivia about the elections. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results