Rajasthan Royals distance themselves from Raj Kundra amid IPL betting allegations

Facing prospect of termination following betting charges on one of its owners, Rajasthan Royals on Friday distanced itself from Raj Kundra, saying he had no involvement in running of the franchise and would be suspended if found guilty. Reacting to reports over Kundra's involvement in betting, the Rajasthan Royals said that he would also forfeit...

Facing prospect of termination following betting charges on one of its owners, Rajasthan Royals on Friday distanced itself from Raj Kundra, saying he had no involvement in running of the franchise and would be suspended if found guilty.

Reacting to reports over Kundra's involvement in betting, the Rajasthan Royals said that he would also forfeit his shares in the franchise if he has breached any regulations.

"As a franchise, we have always been clear that the same rules apply to players, management or owners. As such, our actions will be consistent as in the case of the spot fixing allegations with respect to our players," Rajasthan Royals Chairman Ranjit Barthakur and CEO Raghu Iyer said in a statement.

"Mr. Raj Kundra is a minority (11.7%) shareholder, and he has no involvement in the running of the franchise. We believe that Mr. Raj Kundra is a law abiding citizen and would not act contrary to law.

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