Karachi: Several current and former national-level cricketers have reportedly lost millions of rupees after falling victim to an alleged investment fraud, sources revealed.
According to sources, both former and serving Pakistani cricketers were affected by the scam. However, none of the players has so far filed an official complaint with any platform, nor have they approached the Pakistan Cricket Board (PCB) for intervention.
Sources said the cricketers invested money with a businessman after being influenced by a former national team captain, while some players made direct investments independently. The list of affected individuals reportedly includes former as well as current captains of the national team.
It was further disclosed that the players handed over huge sums running into crores of rupees in pursuit of unusually high returns.
Initially, investors received exceptionally high profits, which increased their confidence. However, the businessman later disappeared, raising serious concerns.
Sources added that the cricketers made repeated efforts over several weeks to recover their money, and while some managed to receive partial repayments, most remain unpaid.
A well-known players’ agent is also among those who allegedly suffered financial losses. The accused individual is reportedly residing in the United States and had close personal ties with several Pakistani cricketers.
According to the players, the businessman’s phone has been switched off, and no profit payments have been received for the past two months.
The affected cricketers are now seeking recovery of their original investment, but all attempts to contact the individual have so far failed.
Sources say the situation has caused deep concern among the players, though no formal legal action has yet been initiated.