Published: Nov 24, 2014, 02:29 PM (IST)
Edited: Nov 24, 2014, 02:29 PM (IST)
Nov 24, 2014
Rajasthan Royals co-owner Raj Kundra has issued an official statement ahead of the Supreme Court hearing of Justice Mudgal panel’s report on IPL 2013 spot-fixing and betting. Kundra has said that the allegations against him are completely false and it has caused great damage to his reputation.
Kundra has said that he places his 11.7 per cent stake in the franchise in custody of the Supreme Court. He clarified that his decision to place his shares should not be looked guilty in any manner. Kundra is among the four of the 13 members named by the Mudgal panel. Kundra was alleged to have been in contact with the bookies.
Below is the full text of Raj Kundra’s statement published on his official website
Monday 24th November 2014
For the last year, I have been subject to allegations which have caused great amount of pain to my family and myself. Additionally it has caused severe reputational damage to the Rajasthan Royals, an organisation that I am immensely proud of and an association that I cherish.
I hereby undertake to place my entire shareholding of 11.7% in the franchise in the custody of the Hon’ble Supreme Court of India or any institution that they direct me to. I will only seek back these shares once I am exonerated of these allegations.
I would like to reiterate that these allegations are completely false and my act of placing my shares in the custody of the Supreme Court is in no way an admission of guilt in any manner. I have full faith in the judicial system and I will support any further investigation and due judicial process to clear my name and reputation.
I hope this gesture on my part will help in the efforts to restore the faith and belief in the great game of cricket. I remain committed to the Rajasthan Royals, an organization that has always carried themselves with the highest levels on propriety both on and off the field
Regards,
Raj Kundra
