What have the Romans done for us?

Not a chance.

This is also likely to be the reason for their reluctance to pay the bond, even at 50%.

I have been accused of getting excited about what’s happening with the court case. Excited may be a touch over the top, but I’m certainly filled with hope. Research like this is the very reason for this and add to that, what I have posted about a counter claim and there is certain plenty of hope there.

Exactly and they are going to look rather foolish, let alone vulnerable to a counterclaim, if they don’t have one.

Exactly why I’m hopeful that they will be found guilty of what they are accused of. I don’t see why ED keep on trying to block them from sending funds, when everything is above board. Neither would they seize 6 properties, if they weren’t confident that they have a case to answer.

Sorry, It probably is worth mentioning what you have, as plenty do not realise that the hearings regarding, funds, Venky’s are choosing to go to court, to try to get the impediments removed. ED are investigating them for a serious offense, the ultimate penalty, for which is jail. That is a totally different issue, yet some think they are the same thing.

Plenty seem to be missing that point. They are accused of fraud, by the equivalent of HMRC in India and yes, it gives me hope, that it could spell serious trouble for them.

I’m not getting excited, just reading a few things that give me some hope. Whether it’s unfounded or not, remains to be seen. Its fair to say that the owners have certainly been economical with the truth and possibly down right fraudulent, but whether they gets their just deserts or not, only time will tell.

I have attached part of an article from an Indian publication, as that indicates, that they did not declare the real reason for the equity infusion into Venkys of London. If it’s 3 x the total amount, it’s game over, surely.

Funds transferred to buy the property are around £7m but what if it’s all funds transferred since 2011. Now that would be fun.

Just to clarify on this. Does the 3x penalty means the amount they transferred, plus the value of the property? That would equate to £28m which despite their wealth, is surely a kick in the teeth.

That blows a hole in some interpretations, as some have said, with it being a transaction in the UK the Indian government can’t get involved.

No worries. I just checked on Twitter and Rory mentions Alexander house going on the market in April 2024. Not sure if it’s sold though.

Any idea when a decision will be made?

The model of having to appeal to a court, to allow them to send funds, without a bond model, isn’t one I’m not familiar with, from any other club. It must be unique to Rovers this, as surely it is one that has never come up before.

I would be very surprised if we hold onto him, as it is looking increasingly likely that the latest request for funds, is not happening. As, we saw with the court hearing, the owners were attempting to have the need for a bond removed, but it was only reduce to 50%. I have a feeling they are worried that the bond will be lost, as well as the seized properties and assuming that is the way they are thinking, then the only way to keep us afloat is to sell.

That's good news, I can hardly wait to see Hedges back flip, when he scores.

Thanks. Sounds like a dangerous man to own one of our clubs and makes you wonder yet again, about fit and proper.

This has appeared today and goes to show, how a club at a similar level to Rovers, can easily go this way, with poor/questionable owners. I can't remember it, but apparently he owned Leeds at one point. https://www.msn.com/en-gb/sport/football/brescia-go-bankrupt-lose-right-to-compete-in-pro-leagues/ar-AA1GllJx?ocid=msedgdhp&pc=U531&cvid=0def104f90a643a48f5149f5dfb6d251&ei=17

This is the most damning article out there in my opinion, as it goes into quite a bit of detail, about where the funds went, what they were supposed to be used for and seems to imply that throwing money at loss making entities abroad, may well breach some rules. https://legal.economictimes.indiatimes.com/news/litigation/ed-seizes-fresh-rs-24cr-assets-of-venkateshwara-hatcheries-in-fema-probe/104293586

Funds that were transferred under the guise of being for the club, were diverted and used for other purposes, so yes you are right. What some people are saying is that the club, are not under investigation, which is true, but logic tells us that the owners being under investigation and ultimately being forced to provide a bond, which seems to have, made them reluctant to send funds, is bound to have an affect on the club.

I don’t think it’s as clear cut as the funds sent post court hearings being proven to be legitimate, meaning a return of funds. As mentioned by a recent post ED do not want them to be allowed to send money full stop. By that hopefully they are not happy with funds being used and effectively flushed down the toilet, as it is mentioned that Rovers are loss making. Using the club as a way of reducing liabilities in their own country, may well not be allowable, who knows, or even the source of the funds could be under investigation.

We all are. Lets all get behind the latest uprising and finally drive them out.