MS Dhoni’s ex-business partner, Mihir Diwakar, was arrested over alleged fraud© AFP
Former India captain MS Dhoni‘s ex-business partner, Mihir Diwakar, was arrested on Tuesday for alleged fraud following a criminal case filed by the legendary cricketer himself. Dhoni had loged a complaint against Diwakar, alongside Soumya Das, at the District Court Ranchi. Diwakar, who is the director of Aarka Sports Management Pvt Ltd, was taken into custody by the Jaipur police on Tuesday. The arrest comes in response to allegations of unauthorized use of Dhoni’s name for establishing cricket academies.
It has been learnt that even after revocation of authority by Dhoni, Diwakar opened many cricket academies in India and abroad by using the name of the former India captain.
Diwakar has also been accused of taking money for MS Dhoni Cricket and Sports Academies, leading to a purported fraud of over Rs 15 crore.
Aarka Sports was liable to pay the franchise fee and share profits in the ratio mentioned in the agreement, but all the terms and conditions were violated.
The Chennai Super Kings skipper had claimed that the cricketer academies were set up by the partners without his knowledge. Apart from this, the authority letter provided to the partners by Dhoni was revoked on August 15, 2021.
Despite the letter getting revoked, they continued setting up cricket academies and sport complexes in Dhoni’s name without sharing any amount or information with him, according to his lawyer.
Dhoni has filed a case under Sections 406, 420,467,468,471 and 120B of the Indian Penal Code (IPC) in the competent court at District Court Ranchi against 1. Aarka Sports Management Pvt Ltd. 2. Mihir Diwakar and 3.Soumya Das, Aarka Sports Management Pvt Ltd.
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