Rose Valley sponsored players' jersey: KKR on ED action

February 05, 2020 11:41

IPL franchise Kolkata Knight Riders has denied any financial dealings with the controversial Rose Valley Group except for it being a sponsor of the side's official jerseys in 2012 and 2013. KKR issued the clarification after the Enforcement Directorate (ED) attached Rose Valley's assets worth over Rs 70 crore on Monday. The attached assets include Rs 11.87 crore bank deposits of Knight Riders Sports Pvt Ltd, that owns KKR, in connection with a money laundering probe. The franchise said it hopes for the matter to be resolved expeditiously.

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