Raj Kundra Alleges Financial Fraud By Rajasthan Royals Promoter; Says, “Will Be Releasing Evidence Soon”

On Thursday, May 29, Raj Kundra took to his official LinkedIn handle to declare his plans to release financial evidence alleging serious misconduct by a key promoter of the Rajasthan Royals. He also mentioned revealing details about money laundering via offshore structures and hidden transactions. This suggests the promoter’s involvement in questionable financial dealings. To shed light on the matter, Raj Kundra announced that a press conference will be held on Monday, June 2. Is a possible suspension on the cards for the Rajasthan Royals again?

Raj Kundra Accuses Rajasthan Royals Promoter Of Financial Fraud

Taking to LinkedIn, Raj Kundra wrote, “I will soon be releasing documented evidence exposing serious financial misconduct, money laundering through offshore structures and hidden transactions involving a key promoter of the Rajasthan Royals. This includes willful suppression of co-promoter rights and entitlements, the pattern of deceit and manipulation in shareholder dealings. The truth will be shared soon, and the documents will speak for themselves.”

He also posted an image that read “Karma Bol” and tagged the Board of Control for Cricket in India (BCCI). This brought the cricketing body into the spotlight. In 2009, Raj Kundra and his wife, actress Shilpa Shetty, acquired an 11.7% stake in Rajasthan Royals. The estimated worth was of $15.4 million. However, his association with the franchise ended in 2015. While the full nature of the alleged misconduct is yet to be seen, Raj Kundra’s revelations have already sparked widespread curiosity and concern among cricket fans, stakeholders, and industry insiders.

Also Read: Raj Kundra Completes Shooting For Punjabi Film Mehar; Shares Celebration Post With Cast

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