JUNE 10- The BCCI on Monday suspended Rajasthan Royals co-owner Raj Kundra from having any involvement in cricket till the probe is over.
The decision was taken in the BCCI’s emergent working committee meeting on Monday.
This came after the Delhi Police said that Kundra has admitted to betting on the Rajasthan Royals matches during the IPL. No action has been taken against the team for now.
The board’s head of the interim arrangement, Jagmohan Dalmiya, was forced to call the meeting after the Delhi Police claimed that Kundra, a minority shareholder in Rajasthan Royals, has confessed to betting during the IPL matches.
The team is, in fact, ready to dump Kundra to save the franchise, stating that the businessman has no involvement in its running and would be suspended if found guilty.
Rajasthan Royals have also declared that Kundra would forfeit his shares in the franchise if he is found to be in breach of any regulations.
As per clause 11.3 (C) of the franchise agreement, a team can be terminated in the event of any of the owners bringing the game into disrepute.
Kundra and his wife Shilpa Shetty have 11.7 per cent stakes in Rajasthan Royals through Kuki Investment. Suresh Chellaram and Family (Tresco International Limited) have the bulk of the shares with 44.2 per cent while Manoj Badale (Emerging Media) has 32.4 per cent stakes. Lachlan Murdoch (Blue Water Estate Limited) has 11.7 per cent stakes.
