Hyderabad: The confusion about disgraced cricketer Sreesanth’s business is clear now. He is not from Hyderabad, but from Kerala. The cricketer’s Kochi-based coach P. Sivakumar holds 26 per cent stake in Sreesanth’s company, S36 Sports and Entertainment Private Limited, while the cricketer holds the remaining stake, according to a filing with the registrar of companies.
Sources in the Mumbai police on Monday had suggested that Sreesanth’s business partner is from Hyderabad and the firm is also based in the city. The RoC records, however, suggest that the company, which was named after Sreesanth’s sports shop S36 at Edappally in Ernakulam, was incorporated on September 29, 2010, in Bengaluru.
Sivakumar, who originally hails from Ernakulam, now lives in Kochi. He heads the Muthoot Ernakulam Cricket Club. He is also one of Sreesanth's coaches from his school days and had been Sreesanth's business partner when the latter was running a sports shop as well..
The long-time business partner, however, resigned as director on August 20, 2012, probably hinting at discord between them.
Giving an interesting angle to the whole spot-fixing episode, Sreesanth's company S36 has listed running “betting houses in India and abroad“ as one of its objectives.
According to S36's memorandum of association filed with the registrar of companies in Bengaluru, the company's main objectives are: “To run in India and/or abroad coaching centres, gymnasiums, health clubs, fitness centres, betting houses, indoor stadiums, sports physiotherapy centres, sports bars...“
Gambling is banned in India and is a punishable offence under the Public Gambling Act. The Indian gambling market is estimated to be worth $60 billion (Rs.3,30,000 crore) per year.
Next: Big bookie still on the run in Chennai
Big bookie still on the run in Chennai
Chennai: A Saidapet court granted police custody to four bookies who were arrested in connection with IPL betting racket, in Chennai on Tuesday. XI Metropolitan Magistrate Saravanan permitted CB-CID police to interrogate Harsih Bajaj of Choolai, Virudhachalam alias Vedachalam of R.A.Puram Lucky alias Narbath of Purasawalkam and Praveen Kumar alias Papu Gautham of Sowcarpet up to May 24.
The court has also issued notice to the Government on a bail petition moved by a prime accused in the illegal network, Prasanth M.Paul, 48, who surrendered at CB-CID office on Monday. The court has adjourned the matter till May 23.
According to sources, another prime accused Sanjay Bafna, who is absconding since the arrest of cricketer Sreesanth and others, has planned to approach the court seeking bail. Police have conducted enquiries with his wife and brother in the house. Meanwhile, CB-CID teams conducted searches at the residences of bookies in various places and sealed three houses. Police also searched the residence of Prasanth in Ayanavaram Kitty alias Utham Jain in Vepery on Tuesday.
The cops have recovered more than Rs 40 lakh in cash, several incriminating documents, laptops, several sim cards and diaries from the houses of bookies.