Mumbai: In a move that could send shockwaves through the Indian Premier League (IPL) fraternity, Raj Kundra, investor and former co-owner of the Rajasthan Royals, has announced plans to unveil detailed evidence exposing alleged serious financial irregularities linked to a key promoter of the franchise.
In a statement posted on Instagram, Kundra announced a press conference scheduled for Monday, with the venue to be disclosed by his PR team on the morning of the event.
The seasoned entrepreneur, known for his extensive experience across trading, media, gaming, and technology sectors, claimed the expose will reveal deliberate suppression of co-promoter rights and entitlements, pointing to unfair and potentially unlawful treatment within the franchise’s management.
Kundra further alleged a consistent pattern of deceit and manipulation in shareholder dealings, accompanied by serious financial misconduct including possible money laundering through offshore structures and concealed transactions. He said the forthcoming evidence would speak for itself, shedding light on practices that have remained hidden until now.
Backed by investment giants such as Blenheim Chalcot and RedBird Capital Partners, the Rajasthan Royals franchise now faces the prospect of intense scrutiny following these revelations.
This latest development adds a new dimension to the ongoing saga of ownership and governance issues within the IPL, raising pressing questions about transparency, accountability, and ethical conduct in franchise operations.