The Indian Premier League, with its showpiece auctions and big-ticket sponsors, has surfaced on the US financial regulator’s radar too — in a web of transactions that involve a leading US bank, a little-known UK company, a Kolkata-based sponsor of an IPL team, and allegations of fraud and forgery. These are the central elements of a Suspicious Activity Report (SAR) filed with the US Financial Crimes Enforcement Network (FinCEN), according to records investigated by The Indian Express. In 2013, KPH Dream Cricket, which runs Kings XI Punjab, went to court against team sponsor NVD Solar International Ltd for “cheating and duping” them of $3 million in sponsorship fee. The SAR, filed by San Francisco-based Wells Fargo Bank, offers a clue to what went wrong.