Former Indian cricketer Munaf Patel’s bank account seized by Noida authorities; cricketer accused of not returning investors’ money

Indian former cricketer and one of the 2011 World Cup heroes, Munaf Patel is in deep trouble after his bank accounts were blocked as a result of the UP Real Estate Regulatory Authority issuing a Recovery Certificate (RC) (UP-RERA).

According to reports, a legal action has been brought against Munaf to recoup INR 52 lakh, and this action has been approved by the magistrate overseeing the UP-sub-divisional RERA, Alok Kumar Gupta. Gupta claims that the revenue team was able to get the money back after seizing Patel’s bank accounts.

Niwas Promoters Private Limited, a real estate company, is said to have Munaf Patel on its board of directors. After a residential project was finished, the company allegedly failed to reimburse the investors, which prompted UP-RERA to act appropriately by issuing an RC to them.