NEW DELHI: In 2009, the Rajasthan Royals added star value to their IPL team by bringing on board Bollywood actress Shilpa Shetty – and her husband Raj Kundra – by giving them a 11.7 percent stake.
With Monday’s suspension of Raj Kundra by the Board of Cricket Control of India (BCCI) for betting on T20 matches means that the star couple will lose their minority stake in the RR team.
Kundra has reportedly admitted to Delhi Police that he placed bets worth about Rs 1 crore on T20 matches of the Indian Premier League during the past three years.
This alleged confession by the star’s husband led to his suspension from the IPL by the BCCI working committee on Monday. The committe also decided to keep cheer girls out of the next IPL.
Kundra will be investigated by a two-member panel of Justice T Jayaram Chouta and Justice R Balasubramanian who are already probing other alleged culprit Meiyappan for his role in spot-fixing scandal.
Even as the Rajasthan Royals franchises have distanced themselves from Kundra, his lawyer Majeed Memon said the decision to suspend his client by the BCCI “violates the principals of natural justice.’’
He quoted the Delhi Police chief as saying that “the police have no material evidence against Kundra to book him. But BCCI’s ‘super court’ rushed to take a decision against him.’’
British Indian businessman Kundra met Shilpa Shetty in 2006 during her participation in the British TV show Celebrity Big Brother 5. He divorced his first wife Kavita to marry Shilpa in 2009.