Maria Sharapova Being Investigated in Indian Housing Fraud Case
Tennis star Maria Sharapova is being investigated over her involvement in a housing fraud case in India.
According to the authorities in India, a real estate company called Homestead Infrastructure, together with Sharapova, sold millions of rupees worth of units to luxury home buyers and then disappeared.
The alleged scam was carried out via a project called “Ballet by Maria Sharapova”, in which Homestead Infrastructure took millions of dollars from buyers after the 30-year-old Russian helped launch it 2013.
It is understood that “Ballet by Maria Sharapova” was meant to be a luxury apartment complex that was based in the Indian city of Gurgaon, but it failed to progress since its launch.
Piyush Singh, attorney to an aggrieved investor, Bhawana Agarwal, says his client paid $81,678 into the project four years ago due to the involvement of the five-time Grand Slam winner.
He however claims that Homestead Infrastructure stopped taking his calls after his investment, while they have also failed to provide updates on the project.
Indian Police began the investigation into the alleged fraud on Nov. 16, and it is not yet clear the extent of Sharapova’s involvement, or whether the investigation will affect her 2018 season.
The 30-year-old Russian has enjoyed just as much success as a business woman as she has on the court, raking in a total of $21.9 million in 2016 to finish as the second-richest female sports star on the planet just behind her American rival Serena Williams.
Until recently, Maria Sharapova’s career had been totally devoid of controversy.
She served a 15-month suspension after testing positive for the banned substance, Meldonium, and only returned to action back in April 2017.
The five-time grand slam winner made it to the fourth round of this year’s US Open. That was her first major tournament since her controversial comeback from the ban.