Pakistani cricketers deny fraud allegations linked to investment company

Reports of an alleged financial fraud involving former and current Pakistani cricketers surfaced on social media and news platforms, triggering speculation over delayed payments linked to player investments. However, the cricketers involved have categorically denied any fraud, calling the reports misleading.

According to the players, they had invested in a company as part of a business arrangement, and no wrongdoing has occurred. They told Geo News that the company remains in contact with them and has assured that all pending payments will be cleared by March.

The players acknowledged that two cheques were bounced, but stressed that this alone does not constitute fraud. They added that PCB Chairman Mohsin Naqvi contacted them regarding the reports, and they informed him that there is no issue at present, assuring him they would report any future problem if it arises.

Clarifying further, the cricketers said the company owner is based in Dubai, not the United States as claimed in some reports, and that communication between both sides is ongoing.

Responding to the allegations, the company owner rejected claims of fraud, stating that his business is Dubai-based and operates in trading. He said this was the first time payments had been delayed and denied ever visiting the United States or holding a US visa.

The company owner added that the players have been investing with his company since 2023, that they hold company-issued guarantee cheques, and that he remains in contact with all investors. He described the fraud allegations as baseless.

No formal complaint has been filed with law enforcement or the Pakistan Cricket Board so far, and the matter remains an investment dispute according to the players, pending the clearance of payments as promised.