India’s veteran cricketers Yuvraj Singh and Harbhajan Singh could be facing investigators probing Indian Rupees 4.5 billion (Nearly 10 billion Sri Lankan Rupees) Pearls Group ponzi scheme.

According to Indian media reports, the Central Bureau of Investigation (CBI) is preparing a list of celebrities who were involved with the scheme that duped crores of gullible investors. Yuvraj and Harbhajan allegedly received plots of lands in Mohali as gifts.

On January 9, the managing director of the Chandigarh-based Pearls Group, Nirmal Singh Bhangoo, was arrested for duping investors in blatant violation of the law. The group was accused of fleecing investors by running operations under new names.
Harbhajan Singh had recently visited Sri Lanka and had pledged to invest in Sri Lanka, the Ministry of Finance announced. The star spinner met with Finance Minister Ravi Karunanayake in his office on December 23, and discussed investment opportunities in Sri Lanka.

On the other hand, Finance Minister Ravi Karunanayaka told Reuters recently that an unidentified investor has promised to park 1 billion in dollar deposits in Sri Lanka to help the nation defend its currency.

Finance Minister has, however, declined to reveal the identity of the investor. But he said the investor was Belgian and was working with a  Sri Lankan partner.

The Pearls Group also roped in former speedster Brett Lee to be a brand ambassador in Australia.