Raj Kundra was the co-owner of Rajasthan Royals' until 2014 © IANS
Raj Kundra was the co-owner of Rajasthan Royals’ until 2014 © IANS

New Delhi: Suspended for life by the Supreme Court-appointed Justice RS Lodha committee, Rajasthan Royals (RR) former co-owner Raj Kundra today said he is shocked and disappointed by the punishment handed out to him.

Kundra was suspended for life by the Justice Lodha committee, which handed out punishments to those found guilty in the 2013 IPL betting scandal. While Kundra was suspended for life, the franchise which he co-owned until last year, was barred from IPL for two years. IPL Verdict: India Cements mull SC move over CSK suspension

“Many inaccuracies…Have requested for a copy of the judgement- obviously very shocked and disappointed… #Faith,” Kundra tweeted.

The Justice, while delivering the three-member panel’s verdict, said that Kundra should have known the consequences of his actions. IPL Verdict: Governing Council calls emergency meeting on July 19

“As part owner having 11.7 per cent of the franchise, Kundra should have conducted himself in accordance of his stature. Betting is a crime punishable in India and it is corrupt practice against BCCI constitution. It is difficult to accept that as a UK citizen, he did not know that betting was against the law in India,” Justice Lodha has observed.

“He [Raj Kundra] is declared ineligible for participation in the sport of cricket as explained in the anti-corruption code for a maximum period of five years under article 2.2.1. IPL Verdict: We may not take any legal recourse, says CSK senior official

Two: He is suspended for life from activities as explained in article 7.5 under level 4. And three: he is suspended for life from being involved in any type of cricket matches under section 6, rule 4.2. The above sanctions commence from the date of this order,” Justice Lodha said while giving out the verdict in a packed press conference.

The Committee was constituted by the Supreme Court in January this year with its terms of reference being to announce the quantum of punishment against Gurunath Meiyappan, Kundra and the two franchisees — India Cements Ltd, owner of Chennai Super Kings (CSK) and Jaipur IPL, owner of Rajasthan Royals. IPL Verdict: BCCI is committed to honour and respect judicial decisions, says Jagmohan Dalmiya

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