Kundra faces ED probe, Royals may dump him

  • Manish Pachouly, Hindustan Times, Mumbai
  • |
  • Updated: Jun 08, 2013 01:10 IST

In more trouble for Rajasthan Royals (RR) owner Raj Kundra, the Enforcement Directorate (ED) is preparing to question him over his involvement in illegal betting in the IPL.

A day after the Delhi Police revealed Kundra had admitted to betting, the RR management said he was a “minority (11.7%) shareholder with no involvement in the running of the franchise and would be suspended if found guilty”.

The ED — which probes cases of foreign exchange violation and money laundering — is waiting for the police report. The Delhi ED would head the investigation against the British national with assistance from its Mumbai unit, which had in February slapped a penalty of Rs. 100 crore on RR owners Jaipur IPL Cricket Pvt Ltd and its foreign investors for violation of Foreign Exchange Management Act regulations.

"Earlier, the franchise and Kundra's company was being investigated for violation of foreign exchange rules, but now we will go deep into his personal finance details," said an ED official.

The Delhi Police had on Thursday said Kundra was in touch with seven bookies and placed bets through them, often from offshore locations. On Friday, police chief Neeraj Kumar said Kundra was part of their investigation but "not its focus". Police sources also said they may quiz Kundra again and call his wife Shilpa Shetty for questioning, if there was a need.

(Inputs from HTC, Delhi)

 

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