Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
»
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)
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.
| Edited by: Madhav Agarwal
Read full article
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 

Live TV

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