No fraud yet, Pakistani cricketers break silence on alleged multi-million rupee investment scandal
No fraud yet, Pakistani cricketers break silence on alleged multi-million rupee investment scandal
By Nawaz Gohar ; Several former and current Pakistani cricketers have issued a joint statement to address circulating rumors of a massive financial fraud involving their personal investments. The players have clarified that they are in active contact with the investment firm and do not currently consider themselves victims of a scam.
Clarification on the Investment Defending their financial decisions, the athletes stated that they had made formal investments in a specific company and have not faced any major deception to date. While admitting that two checks had recently bounced, the players emphasized that the company remains in constant communication and has provided a formal assurance that all outstanding payments and profits will be cleared by March 2026.
PCB Chairman Intervenes The gravity of the rumors prompted PCB Chairman Mohsin Naqvi to personally contact the players to investigate the matter. According to sources, the cricketers informed the Chairman that no significant issue has arisen yet. They promised to keep the board updated on any new developments.
The players further explained to the Chairman that the owner of the company is currently based in Dubai and is personally overseeing the repayment schedule.
Background of the Alleged Dispute Earlier reports suggested that several high-profile cricketers—including former and current captains—had invested hundreds of millions of rupees with a businessman, allegedly following the example set by a legendary former captain. The allure of “extraordinary returns” reportedly led some players to invest their life savings directly with the individual.
Despite the media frenzy, sources within the Federal Investigation Agency (FIA) and the PCB confirm that no formal complaint has been lodged by any player. It appears the athletes are choosing to handle the matter privately, banking on the company’s promise to settle all dues by the end of the first quarter of the year.
