Rajasthan Royals owner accuses Raj Kundra of blackmail – here’s the reason

The Long-Standing disputes Between Rajasthan Royals’ Majority Owner Badale manoj and form co -Wner Raj kundra has erupted into a high-proteal confrontation, with badale accused Kundra of blackmail in London’s high court. The Case Centers Around Kundra’s Forfeited Minority Stake in the Indian Premier League (IPL) franchise, controversial reigniting that have shadown the team since the 2015 betting scandal.

Background of the Dispute Between Manoj Badale and Raj Kundra

Manoj Badale, A London-Based Venture Capitalist Whose Emerging Media Ventures Holds A 65% Stake in Rajasthan Royals, is SUING BOLLYWOOD ACTRESS SHETTY’s Husband Raj KURANDA for Allegedly Breaching A Confidential Settlement Reached in 2019. was forced to form his 11.7% stake in the franchise after being found guilty of betting on iPl matches-scandal that led to the royals’ two-year suspension—claims he was misled and defrauded of the true value of his shares.

Allegations of Blackmail

The LEGAL PROCEEDINGS TOOK A DRAMATIC TURN After Badale’s Legal Team, LED by Adam Speker, accused KURAND OF WALL TO Blackmail Badale by Threating to Report Serious Allegations To Indian Authorities. According to short filings, Kundra smells in the year an unseolicized email last month, alleging he had been “Misled and Defrauded of the right value of my 11.7% stake” and stating he Had Already Filed A Complaint With Indian Authorities. Kundra Further Threatened to Escalate the Matter to the Board of Control For Cricket in India (BCCI) Unless a Deal was reached for EITHER The Restoration of His Original Equity or Compensation Reflecting The Current Valuation of the Franchise.

In the Same Communication, KURAND SUGGESTED HE WAS OPEN TO DISCOSSIVE INVOLVING Financial Compensation, But also WARNED OF REGISENING OF ALLEGE FINANCE MISCONDUCT AND IRREGULAR TRANSAGES INVILVING A KEY Promoter of Rajasthan ROYALS. On Social Media, KURAND HINTED AT IMPERDING REVELOLS Regarding Financial Malpractice and Money Laundering Through Offshore Structures, Intensifying the Public Votes On the Franchise.

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Legal Proceedings and Responses

Badale’s Legal Team Swiftly Responssed by Securing An Injunction Against Kundra on May 30, Barring Him from Breaching the 2019 Settlement or Making Disstatements about Badale or the Franchise. In short, badale’s counsel characterized kundra’s threats as a clear attempt at blackmail, designed to coerce a favourable settlement.

KURAND, Representation by Lawyer William McCormick, Has Denied Any Wrongdoing and SERVETED that he has been informed of certain facts about the claimants. He kept that if these facts are untrue, “In due race it will be exhibition.” KURAND’s Legal Team has accepted that the injunction Should remain in place a until trial, but emphasized this does not constituting an admission of guilt.

The Case Has Reignited Debate Over the Governance and Transparency of IPL Franchises, Especially Given Rajasthan Royals’ Turbulent History. The team, Which Won the Inaugural IPL in 2008 and has since Become One of the League’s Most Valuable Brands, Has Faced Repeated Controversies Involving Its Ownership Structure and Compliance With League Regulations.

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