Uthappa explained that his appointment as a director in these firms during 2018-19 was due to loans he had extended to them. However, he emphasized that he was neither involved in the daily operations of these companies nor had the expertise or time to oversee their activities, given his commitments as a professional cricketer, TV presenter, and commentator.
“Regrettably, these companies failed to repay the funds I lent them, leading me to initiate legal proceedings, which are currently sub judice. I also resigned from my directorships several years ago,” Uthappa stated in a post on X.
Uthappa also urged media outlets to verify facts before reporting and to present a complete and accurate picture of the case.
The cricketer ended his statement with the motto “Fide et Labore,” meaning “Faith and Work,” reflecting his hope for a just resolution.