Former business associate of MS Dhoni is detained in a Rs 15 crore fraud case
Former business associate of MS Dhoni is detained in a Rs 15 crore fraud case

New Delhi: MS Dhoni, the cricket player, filed a fraud charge, leading to the arrest of a former business partner by Jaipur Police. The former captain of India's childhood friend, Mihir Diwakar, was hauled up late on Wednesday night from Noida Sector 16. The case claims that Diwakar, a former cricket player, misled Mr. Dhoni by breaching the terms of the agreement and defrauding him of more than Rs 15 crore.

In 2017, MS Dhoni engaged in a partnership with Mr. Diwakar and his wife Soumya Biswas, the owners of Arka Sports and Management Ltd., to develop cricket academies both in India and overseas. According to the case, although the terms and conditions were broken, Arka Sports was still required to pay Dhoni's franchise fee and split any earnings. However, the business is said to have begun establishing the academies without telling Mr. Dhoni and to have stopped paying for them.
Dayanand Singh, Dhoni's attorney, stated that although the charter that was awarded to him was revoked in 2021, the company proceeded to establish sports complexes and cricket academies under Dhoni's name without disclosing any financial or personal information to him. Dhoni, via his attorney, had said that the business had broken the terms of the contract, causing him to lose more than Rs 15 crore.

According to the company website, Diwakar is the managing editor and began his career with Dhoni. He represented India in the 2000 Under-19 World Cup. Late on Wednesday night, a Jaipur police team arrived in Noida and arrested Diwakar. Noida Police, however, claim that they have not received any notification of the arrest.

Former business associate of MS Dhoni is detained in a Rs 15 crore fraud case