Overview
- Initial reports said multiple leading players, including Babar Azam, Mohammad Rizwan and Shaheen Shah Afridi, risk losses after investing with a businessman who stopped payouts and allegedly left the country.
- Players who spoke to Geo News said only two cheques bounced, the company remains in contact and has pledged to clear pending amounts by March, with written agreements and guarantee cheques cited.
- PCB chairman Mohsin Naqvi has reached out to the players and is monitoring the situation, while outlets note no uniform formal complaints have been filed so far.
- Loss estimates vary across outlets, with figures reported at roughly Rs880 million among current players, nearly Rs900 million for a former player, and a total that PTI sources said could exceed Rs1 billion.
- Reports differ on the businessman’s location, with some saying the United States and the company owner asserting he is in Dubai, as accounts also note partial refunds for some and two months of halted payments for others.