Pakistan’s top cricketers are allegedly linked to a Rs2 billion investment scam involving promised high monthly returns, raising questions about legality, foreign investors, and why the PCB has remained silent.
By MediaBites, Sports and Investigations Desk
Serious questions are being raised about the financial judgment, due diligence, and oversight surrounding Pakistan’s top cricketers after reports of an alleged financial fraud exceeding Rs2 billion involving several current and former national team players.
According to sources familiar with the matter, a private businessman allegedly convinced multiple Pakistani cricketers to invest crores of rupees in a business venture that promised monthly returns of 8 to 9 percent, a rate experts say should have immediately triggered caution.
Which players are allegedly affected
Sources claim the players involved include former captain Inzamam ul Haq, Pakistan captain Babar Azam, Shaheen Shah Afridi, Mohammad Rizwan, and Salman Ali Agha, while other current and former internationals are also believed to be affected.
Initially, profits were reportedly paid regularly for several months, building trust and encouraging further investments. However, payments were later stopped, communication was allegedly cut off, and neither profits nor the original investment amounts were returned.
Legality and unanswered questions
The case has raised several critical questions that remain unanswered:
Were these investments legally structured and documented
Did the players seek professional financial or legal advice
Was any foreign investor, including a US-based individual or company, involved
Were the investments declared to the tax and financial authorities
So far, there has been no official confirmation of foreign involvement, though speculation continues within cricket and business circles.
Why is PCB silent
Perhaps the most troubling aspect of the case is the silence of the Pakistan Cricket Board.
Despite the reported involvement of centrally contracted players and national team regulars, the PCB has issued no public statement, clarification, or advisory. It is unclear whether the board has sought explanations from the players, launched an internal review, or assessed whether any code of conduct or contractual obligations were violated.
Cricket governance experts say the board cannot treat the matter as purely private.
“When national players are linked to high risk financial schemes, it becomes an institutional issue,” said a former PCB official. “The PCB must clarify its position and explain whether it sees this as a personal matter or one that affects the credibility of Pakistan cricket.”
Why no legal action yet
Despite the scale of the alleged losses, no formal complaint has been filed so far. Sources say the players are consulting legal advisers and attempting to resolve the matter privately before taking legal action.
Legal analysts note that athletes often hesitate due to concerns about public image, endorsements, and scrutiny of undocumented investments.
What happens next
Sources indicate that if the matter is not resolved soon, legal proceedings may follow, potentially drawing in law enforcement agencies, financial regulators, and tax authorities.
Until then, the silence continues, from both the alleged businessman and cricket’s governing body.
The central questions remain unanswered. Were Pakistan’s star cricketers deceived, poorly advised, or complicit in an investment they did not fully understand, and why has the PCB chosen not to speak?
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