The agent of Indian cricket captain M.S. Dhoni admitted yesterday that the World Cup winner had briefly held a stake in a management company that represents several other players in the national side.

Rhiti Sports, a group run by Dhoni’s agent Arun Pandey, issued a statement following a newspaper report alleging a conflict of interest between Dhoni’s cricketing and business activities.

Rhiti says on its website that it manages Dhoni as well as all-rounders Suresh Raina and Ravindra Jadeja, whose international careers depend in part on the captain who has a large influence on team selection.

Rhiti said it was “greatly aggrieved at the widespread media reports regarding an alleged conflict of interest.” It said Dhoni had ceased to own shares in April after holding an unspecified stake for just over a month.

“As on date, MSD (Dhoni) holds no shareholding in Rhiti Sports Management,” said the statement by Pandey.

The shares had been allotted to Dhoni in March to “secure certain old outstandings which were due for more than one year,” said the statement without elaborating.

The shareholdings, alleged to be a 15 percent stake in a front-page story by The Economic Times yesterday, come as Indian cricket is engulfed in a betting and spot-fixing scandal amid serious concerns about the management of the game.

Gurunath Meiyappan, the son-in-law of the national cricket board president N. Srinivasan, was arrested on May 24 for allegedly taking part in illegal betting on the Indian Premier League (IPL), which is the subject of multiple police investigations.