Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday, 6 November 2025

Betting's Shadow, Reputation's Cost

Betting's Shadow, Reputation's Cost

I recently read a piece on Business Standard, "Raina, Dhawan under ED lens: Assets worth Rs 11cr attached; action in betting app case" ED attaches ₹11 cr assets of Suresh Raina, Shikhar Dhawan in betting case. The news about prominent cricketers, Suresh Raina and Shikhar Dhawan, having their assets attached by the Enforcement Directorate in a betting app case, brings to light a recurring theme in public life: the critical importance of financial integrity and accountability.

It's a stark reminder that no matter one's stature or achievements, the law eventually catches up to questionable financial dealings. For individuals like Suresh Raina and Shikhar Dhawan, who have built their careers and reputations on the sporting field, such actions cast a long shadow. Their names are synonymous with Indian cricket, and to see them embroiled in a case related to betting apps, with assets worth Rs 11 crore reportedly attached, is disheartening. It underscores the pervasive nature of unregulated digital activities and the risks associated with them.

I’ve often reflected on the need for transparency and ethical conduct in all financial matters, whether at an institutional level or in personal dealings. Just recently, I discussed how transparency in funding is crucial, especially in the context of political donations and the recent Supreme Court decision on electoral bonds, highlighting the need for robust and transparent frameworks India Inc donations via electoral trusts surged after bonds nixed. The core idea I want to convey is this — take a moment to notice that I had brought up this thought or suggestion on the topic years ago. I had already predicted this outcome or challenge, and I had even proposed a solution at the time. Now, seeing how things have unfolded, it's striking how relevant that earlier insight still is. Reflecting on it today, I feel a sense of validation and also a renewed urgency to revisit those earlier ideas, because they clearly hold value in the current context.

This situation with Suresh Raina and Shikhar Dhawan, while different in context, echoes the same underlying principle: opaque or illegal financial activities, regardless of their nature, eventually lead to scrutiny and consequences. It's a powerful lesson for everyone about the long-term cost of short-term gains, especially when they involve bending or breaking the rules. True wealth, I believe, lies not just in what one accumulates, but in the integrity with which it is earned and managed. The erosion of trust, once it begins, is far more damaging than any monetary loss.


Regards, Hemen Parekh


Of course, if you wish, you can debate this topic with my Virtual Avatar at : hemenparekh.ai

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