 "Kundra will be suspended if found guilty: Rajasthan Royals")
The beleaguered Rajasthan Royals management today sought to distance itself from co-owner Raj Kundra, who has been accused of betting during IPL matches, saying that 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.
"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," the statement said.
The statement said that Rajasthan Royals has been assisting the police in the investigations and cooperating with the authorities to ensure a thorough inquiry.
"In the last few days, various members of the RR management have been assisting the Delhi Police in their investigation for a better appreciation and understanding of the matter.
"As we have stated before, we are cooperating with the authorities to ensure a thorough inquiry and will continue to share any such information that they may seek from us in the future. We are working hard as co-complainants to ensure that all information is made available to the authorities," the Jaipur-based franchise said.
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.
"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," the statement said.
The statement said that Rajasthan Royals has been assisting the police in the investigations and cooperating with the authorities to ensure a thorough inquiry.
"In the last few days, various members of the RR management have been assisting the Delhi Police in their investigation for a better appreciation and understanding of the matter.
"As we have stated before, we are cooperating with the authorities to ensure a thorough inquiry and will continue to share any such information that they may seek from us in the future. We are working hard as co-complainants to ensure that all information is made available to the authorities," the Jaipur-based franchise said.
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