June 1, 2025

Former Rajasthan Royals co-owner Raj Kundra has stirred controversy by revealing his intention to expose documented evidence of financial misconduct by a key promoter of the team. Through social media, Kundra accused the promoter of engaging in money laundering through offshore accounts and concealing financial transactions. He pledged to reveal evidence that highlights the suppression of co-promoter rights and deceptive shareholder dealings. Kundra's history with the franchise dates back to 2009 when he and his wife, actress Shilpa Shetty, acquired an 11.7 per cent stake for an estimated USD 15.4 million. However, his association came to an end in 2015 following his alleged involvement in an IPL corruption scandal that was linked to spot-fixing and betting allegations.

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Tags: Rajasthan royals, Raj kundra, Financial misconduct, Money laundering,