I have done no wrong; will forfeit shares, if proved wrong, says Rajasthan Royals co-owner Raj Kundra

The Delhi Police alleged that Mr Kundra has, during a 10-hour-long interrogation, admitted to placing bets worth Rs. 1 crore in the last three years on IPL matches. Gambling on all sports except horse-racing is illegal in India.

updated: June 08, 2013 00:21 IST
  • Total Shares

The Rajasthan Royals IPL franchise has said if co-owner Raj Kundra is found guilty of betting, he will be suspended and will forfeit his shares in the team. A few hours later, Mr Kundra, who owns 11.7 per cent stake in the Royals along with wife and actor Shipa Shetty, issued a statement, saying he has done no wrong and will "unhesitatingly forfeit" his shares if he is proved guilty.

"Some misconception prevails in the minds of some people which is causing most undeserved embarrassment to me and my family. I wish to clarify by this statement that I have not committed any wrong and am myself extremely anxious to know the whole truth," Mr Kundra said today.

"As far as my alleged own act of commission or omission is concerned, I reiterate that I am totally innocent and in any event I wish to make it abundantly clear that if an iota of wrong doing is finally established against me I would unhesitatingly forfeit my share in the franchise," he added.

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