SPORTS NEWS APRIL 7TH, 2016
A consortium that unsuccessfully bid for an Indian Premier League franchise -- which included actors Saif Ali Khan, Kareena Kapoor and Karisma Kapoor, industrialist Venugupal Dhoot's firms and Pune-based realtors Chordia family -- had investments by an offshore company. Stating this in its latest "Panama Papers" expose, 10 members had entered into a pact to form P-Vision Sports to bid for IPL Pune franchise, in which 15 percent was earmarked for the offshore firm, Obdurate Ltd in British Virgin Islands. It was shut after failing to win the bid, the newspaper said.In the sports consortium, the largest stake of 33 percent was held by the Chordia family, 4.5 percent each by Kareena and Karisma, 9 percent each by Saif and Mumbai resident Manoj S. Jain and 25 percent by Dhoot through two group companies. Obdurate was earmarked 15 percent.