New Delhi: Raj Kundra, a co-owner of Indian Premier League (IPL) team Rajasthan Royals, has confessed that he placed illegal bets worth a crore in the last three years on his own team and others, according to the Delhi Police. However, Mr Kundra tweeted on Thursday night saying, "Will make formal statement soon rest assured I am not involved in any wrongdoings. Do not misconstrue silence 4 guilt. Truth will prevail."
Mr Kundra will be discussed at an emergency meeting of the Board of Control for Cricket In India or BCCI, the organization's acting president Jagmohan Dalmiya said today. Rules say an IPL franchise can be terminated if a team-owner "acts in a way that brings the BCCI/IPL/game of cricket into disrepute."
Delhi Police chief Neeraj Kumar said at a press conference that Mr Kundra, a UK citizen, "lost a huge amount of money through betting."