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Home » MS Dhoni Duped Off ₹15Cr By Ex Associates, Law Suit Filed

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MS Dhoni Duped Off ₹15Cr By Ex Associates, Law Suit Filed

NewsFacts Bureau
Last updated: January 5, 2024 6:30 pm
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Cricket legend Mahendra Singh Dhoni has revealed a major fraud by filing a criminal complaint against his former business associates, accusing them of a staggering ₹15 crore fraud. This thunderous revelation has sent shockwaves through the cricketing world.

The lawsuit, lodged against Mihir Diwakar and Soumya Vishwas of Aarka Sports and Management Limited, was filed in a Ranchi court, unearthing a murky saga surrounding a 2017 business agreement.

Reports suggest that in 2017, Diwakar purportedly inked a deal with MS Dhoni, envisioning the establishment of cricket academies bearing the cricketer’s name, both in India and overseas. However, as per Dhoni’s grievance, the terms and obligations outlined in the agreement were blatantly disregarded.

The legal documentation claims that Aarka Sports flouted its commitments, including the payment of franchise fees and the equitable sharing of profits, specified in the initial agreement. In a dramatic turn, Dhoni terminated the authorization letter issued to Aarka Sports on August 15, 2021. Despite multiple legal notices dispatched thereafter, no resolution surfaced.

Why MS Dhoni Filed Suit Against Former Business Partners?

Represented by his attorney Dayanand Singh, the former captain of the Indian cricket team has asserted a colossal loss of over ₹15 crore, attributing it to the alleged deceit orchestrated by the firm.

The website of Aarka Sports, notably adorned with a prominent photograph of MS Dhoni, boasts about its expertise in athlete and player management, touting “top class consultancy.”

Curiously, the website identifies Mr. Diwakar as the managing editor, while also suggesting Dhoni’s role as a mentor within the firm. This revelation adds another layer of shock to the unfolding saga.

As this legal firestorm rages on, the cricketing world awaits further developments, stunned by the sudden and sensational allegations that have tarnished the business association between cricketing icon MS Dhoni and his former partners.

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