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Raj Kundra and Shilpa Shetty
Trying to distance itself from the tainted co-owner of Indian Premier League (IPL) franchise Rajasthan Royals (RR) -- Raj Kundra -- its top management on Friday promised action against him if he is found guilty.
In a joint statement issued by RR chairman Ranjit Barthakur and CEO Raghu Iyer, the franchise said "Kundra is a minority (11.7 per cent) shareholder and he has no involvement" in its running.
"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. This is a strict governance procedure agreed to by all Rajasthan Royals shareholders, and it is consistent with our zero tolerance approach," the statement reads.
The press statement comes a day after Delhi Police commissioner Neeraj Kumar disclosed that Kundra has admitted to betting on his own team. Police sources also said that his actress wife Shilpa Shetty, who happens to be a co-owner in the franchise, too had placed bets on IPL matches.
Earlier in the day, Kundra hired services of noted lawyer Majid Memon to defend his case.
Clik here to view.
Raj Kundra and Shilpa ShettyTrying to distance itself from the tainted co-owner of Indian Premier League (IPL) franchise Rajasthan Royals (RR) -- Raj Kundra -- its top management on Friday promised action against him if he is found guilty.
In a joint statement issued by RR chairman Ranjit Barthakur and CEO Raghu Iyer, the franchise said "Kundra is a minority (11.7 per cent) shareholder and he has no involvement" in its running.
"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. This is a strict governance procedure agreed to by all Rajasthan Royals shareholders, and it is consistent with our zero tolerance approach," the statement reads.
The press statement comes a day after Delhi Police commissioner Neeraj Kumar disclosed that Kundra has admitted to betting on his own team. Police sources also said that his actress wife Shilpa Shetty, who happens to be a co-owner in the franchise, too had placed bets on IPL matches.
Earlier in the day, Kundra hired services of noted lawyer Majid Memon to defend his case.
