New Delhi:
Statement from Ranjit Barthakur, Chairman and Raghu Iyer, CEO - on behalf of the Rajasthan Royals franchise
Rajasthan Royals has noted the media coverage on the issue of Mr. Raj Kundra, one of our shareholders.
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.
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. 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.
We remain committed to our fans and sponsors, and we remain focused and fully committed to working with the authorities to complete their reviews.
Rajasthan Royals has noted the media coverage on the issue of Mr. Raj Kundra, one of our shareholders.
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.
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. 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.
We remain committed to our fans and sponsors, and we remain focused and fully committed to working with the authorities to complete their reviews.
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