Sharapova named in India luxury housing fraud probe - News Summed Up

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Sharapova named in India luxury housing fraud probe


Five-time Grand Slam champion Maria Sharapova is under investigation in India for cheating and criminal conspiracy after the collapse of a luxury housing project that she endorsed, police and a lawyer said Tuesday. He said Sharapova and the firm behind the development, Homestead Infrastructure Development, were named in the case. The 30-year-old tennis star travelled to India in 2012 to launch the luxury high-rise apartment complex — later named Ballet by Sharapova — which prospective buyers were told would house a tennis academy, a clubhouse and a helipad. The website of the project quotes Sharapova as saying her goal was to “make the owners feel like they own something special and different”. Sharapova, a former world number one, made almost $30 million in 2015, according to Forbes, with $23 million of that coming from endorsements.


Source: The Guardian November 21, 2017 10:30 UTC



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