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Dubai Businessman To Give Cash Prize to Indian Medalists at Rio Olympics

According to a report in Gulf News, an Indian businessman in Dubai has announced a total of Rs7.5 million (Dhs410,305) as a cash prize to the Indian athletes who won medals at the Rio Olympics.

The report highlighted that a UAE resident for four decades, Mukkattu Sebastian, who runs the Autobahn Car Rental network, announced Rs5 million to badminton star P.V. Sindhu who grabbed a silver medal and became the first Indian woman to win that honour at an Olympic game.

Furthermore, he announced Rs2.5 million for Sakshi Malik, who won a bronze in wrestling, the first medal for India at the Rio Games 2016.

Sebastian was quoted saying, “These two girls saved the face of India at Rio. I am so proud of them and wanted to honour them with a cash award. Everybody is after cricketers in India. Nobody minds other sports stars. After their glorious win, I strongly felt I needed to honour them. They cannot sustain [themselves] just with medals. So, I am giving what I can. I am not a very rich person. But I want to do whatever I can.”

Sebastian who is from the Kottayam district in Kerala, reportedly plans to host a function in Kochi to honour the Olympic medalists.