Raj Kundra, a co-owner of Indian Premier League (IPL) team Rajasthan Royals, has confessed that he placed illegal bets worth a crore in the last three years on his own team and others, according to the Delhi Police. However, Mr Kundra tweeted tonight saying, "Will make formal statement soon rest assured I am not involved in any wrongdoings. Do not misconstrue silence 4 guilt. Truth will prevail."