Friday 7 June 2013

Spot-fixing: Rajasthan Royals dump Raj Kundra?



New Delhi: Troubles seem to mount for businessman Raj Kundra, co-owner of Rajasthan Royals and husband of actress Shilpa Shetty. 
Rajasthan Royals has played it safe and like the Chennai Super Kings has dissociated itself from Raj Kundra following allegations of illegal betting in the IPL against him.
Raghu Iyer, CEO of Rajasthan Royals has issued a statement saying that the Rajasthan Royals want a fair probe in the matter. 
“As a franchise, we have always been clear that the same rules apply to players, management or owners. As such, our actions will be consistent as in the case of the spot fixing allegations with respect to our players. Mr. Raj Kundra is a minority (11.7%) shareholder, and he has no involvement in the running of the franchise,” the team said in a statement.
The team said that Kundra had a low stake in the team and had little to do with its running but if found guilty, he would have to forfeit his stake in the team.
“We believe that Mr. Raj Kundra is a law abiding citizen and would not act contrary to law. If however, he is proven guilty, or has breached any regulations, he will be suspended, and he will also forfeit his shares,” the team said in a statement.
“This is a strict governance procedure agreed to by all Rajasthan Royals shareholders, and it is consistent with our zero tolerance approach,” it said.
The team also said they were assisting the Delhi police in their probe.

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