BCCI suspends Raj Kundra

Rajasthan Royals co-owner Raj Kundra has been suspended by the BCCI,  pending a probe, following claims by the Delhi Police that he was involved in betting on IPL matches.

According to the Delhi Police, Kundra had confessed to placing bets through his business partner

Umesh Goenka, and had lost a lot of money by betting on his team. He has already handed in his passport to the police.

The Rajasthan Royals, who were already in the spotlight with the arrest of their three cricketers on spot-fixing charges, have made it clear that Kundra will have to forfeit his shares if he is proved guilty.

"Raj Kundra is a minority (11.7 percent) shareholder, and he has no involvement in the running of the franchise. We believe that Raj Kundra is a law abiding citizen and would not act contrary to law," Rajasthan Royals chairman Ranjit Barthakur and CEO Raghu Iyer had said in a statement earlier.

"If however, he is proven guilty, or has breached any regulations, he will be suspended, and he will also forfeit his shares. This is a strict governance procedure agreed to by all Rajasthan Royals shareholders, and it is consistent with our zero tolerance approach."