IPL spot-fixing: More trouble for Shilpa Shetty-Raj Kundra likely as ED probe looms large

 

New Delhi: If they thought confessing to betting would lead them out of the troubled mess, Kundras got it all wrong; for once the Delhi Police Special Cell submits its investigations report on the power couple, the Enforcement Directorate might come calling for them.

 

 

Sources inform ED, that had earlier slapped a whopping Rs. 100-crore penalty on the Kundras-owned IPL franchise Rajasthan Royals, is contemplating to question Raj Kundra as an individual and examine his personal transactions.

 

 

ED is, reportedly, awaiting investigation report of Delhi Police on involvement of Raj Kundra and Shilpa Shetty in case of betting and fixing.

 

 

Earlier, in February 2013, ED had charged Rajasthan Royals of money laundering and serious violations of Foreign Exchange Management Act (FEMA).

 

 

The agency had found that the foreign investment in franchise Jaipur IPL Cricket Pvt Ltd (JIPL) was made in blatant contravention of FEMA, following which, it sent several show cause notices to Royals in April 2011 for “severe irregularities in foreign investment.”

 

 

ED had, however, never charged Raj Kundra or Shilpa Shetty as individuals, but fined Raj’s companies over the alleged violations.

 

 

It had imposed penalties of Rs. 50 crore on JIPL and its directors, Rs. 34 crore on Mauritius-based EM Sporting Holding and its directors including Manoj Badale and Suresh Chellaram and, Rs. 14.5 crore on United Kingdom-based ND Investments and its directors.

 

 

However, this time ED is gearing up to grill Raj Kundra as an individual once it gets a copy of Delhi Police’s investigation report.

 

 

ED officials, sources inform, have not denied questioning of Shilpa Shetty as well. 

 

 

Questioning of Raj Kundra and Shilpa Shetty would be done by Delhi ED officials, as case has been registered in Delhi.