Raj Kundra Reportedly Delays Press Conference On Rajasthan Royals Expose: Know The Controversy In Detail

Former Rajasthan Royals co-owner Raj Kundra has reportedly postponed a press conference that he was scheduled to hold on Monday, 2 June, to discuss the allegations of financial improprieties and money laundering that he had levelled against a key promoter of the Indian Premier League team.

The delay has come as a result of an interim injunction order issued by the High Court of Justice in London, obtained without notice by Emerging Media Ventures Limited and RR owner Manoj Badale. As per the order, Kundra cannot make any disclosures or statements about the claimants.

Raj Kundra Vs Rajasthan Royals – Controversy Explained

The controversy started in recent weeks, as Kundra took to LinkedIn to allege serious financial misconduct by an unnamed key promoter of his former side Rajasthan Royals. The claims include allegations of offshore money laundering and hidden transactions, as well as breaches of fiduciary duties.

Kundra claimed to possess documented evidence exposing “wilful suppression of co-promoter rights and entitlements, pattern of deceit and manipulation in shareholder dealings.”

He scheduled a press conference on Monday for his alleged Rajasthan Royals ‘expose’, but it has now been delayed due to the injunction. Kundra has vowed to challenge the order, as it, among other things, “interferes with freedom of expression under Article 10 of the European Convention on Human Rights”.

After the legal hurdle, Raj Kundra took to LinkedIn to post, “Let it be known that I will not be intimidated or silenced. The truth will come out.”

“The game may be called ‘gentleman’s,’ but behind the scenes, it’s anything but,” he added. “Watch this space, what I reveal in due course will speak volumes.”

The hearing to discharge the injunction is expected to occur during the week of 9 June 2025.

Raj Kundra’s Connection With Rajasthan Royals: Who’s He?

Raj Kundra is a British-Indian entrepreneur, married to Bollywood actress Shilpa Shetty. Along with his wife, Kundra purchased an 11.7% stake in Rajasthan Royals in 2009 for approximately USD 15.4 million.

However, he left his role as co-owner in 2015 after being banned from cricket-related activities by the Supreme Court due to his involvement in the 2013 IPL betting scandal.

Since then, he has been involved in other businesses, as well as in other controversies due to his entertainment-related ventures.

Meanwhile, Rajasthan Royals have continued to challenge for their first IPL trophy since 2008. In IPL 2025, RR finished in ninth place, winning just four matches out of 14. Despite the emergence of 14-year-old prodigy Vaibhav Suryavanshi, who scored 252 runs in seven matches at a strike rate of 206.55, the team struggled across multiple departments in an underwhelming season.