Inzamam, Babar, Shaheen among cricketers named in alleged Rs2bn investment fraud

An alleged financial fraud exceeding Rs2 billion has reportedly surfaced involving several current and former members of the Pakistan national cricket team, sources said on Friday.

According to sources, a businessman collected large sums of money from national cricketers under the guise of an investment scheme, promising monthly returns of 8 to 9 per cent. The investors reportedly received regular profit payments for several months, which encouraged them to invest additional funds.

Sources said the situation later changed after the business allegedly incurred losses. The businessman is said to have stopped paying returns, cut off contact with the investors and failed to return the principal investment amounts.

Those reportedly affected include former Pakistan captain Inzamam-ul-Haq and current international players Babar Azam, Shaheen Shah Afridi, Mohammad Rizwan and Salman Ali Agha, sources said. Sources added that other former and serving national cricketers may also be among those impacted.

Despite the scale of the alleged fraud, none of the named players has formally approached law enforcement authorities so far, sources said. However, the cricketers have contacted Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi to seek assistance in resolving the matter.