Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Indian police launch probe into housing fraud case involving tennis star Sharapova

by Associated Press

NEW DELHI Nov 22, 2017 - 12:00 am GMT+3
Russian professional tennis player Maria Sharapova ( AFP File Photo)
Russian professional tennis player Maria Sharapova ( AFP File Photo)
by Associated Press Nov 22, 2017 12:00 am

Maria Sharapova is being investigated by police in India in a cheating and criminal conspiracy case involving a real estate company who used the tennis star to endorse a luxury housing project that never took off.

Real estate firm Homestead Infrastructure is accused of taking tens of millions of rupees (millions of dollars) from home buyers for a project named "Ballet by Maria Sharapova," a luxury apartment complex with its own helipad, tennis academy and other amenities. The five-time Grand Slam champion travelled to India in 2013 to launch the project at a glitzy ceremony. Police began the investigation on Nov. 16.

Piyush Singh, a lawyer representing one of the home buyers, said Wednesday that Sharapova's celebrity was the reason most people put their money into the project.

Singh said his client, Bhawana Agarwal, paid Homestead Infrastructure 5.3 million rupees ($81,678) in 2013 because she was impressed by Sharapova's association with the project located in Gurgaon, a suburb of the Indian capital. The cost of an apartment in the swanky project was 20 million rupees ($308,000).

Agarwal then spent the next three years chasing the builders for updates on the property and her investment in it but they stopped taking her calls, Singh said. On Wednesday, several calls to the numbers of the building company's website went unanswered.

"The project never saw the light of day," Singh said.

Singh said the police investigation based on his client's complaint was testing relatively new legal ground - that celebrities endorsing projects that draw vast sums of money from investors had a responsibility "to do some due diligence" on the project before lending their name and credibility to it.

Sharapova isn't the only international sports celebrity that the real estate firm roped in. Its website also advertises a project with Formula One great Michael Schumacher called the Michael Schumacher World Tower.

  • shortlink copied
  • Last Update: Nov 22, 2017 2:55 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    homepage
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    In photos: Muslims across world mark Eid al-Adha
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021