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2mo ago

Rajasthan Royals Owner Sues Ex-Co-Owner for Blackmail in London High Court

Following threats to publish evidence of financial misconduct tied to his forfeited 11.7% stake, Kundra has accepted an interim injunction

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RR majority owner is in a legal dispute with former co-owner Raj Kundra.
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Manoj Badale and Raj Kundra | Image: ANI

Overview

  • Badale’s Emerging Media Ventures initiated proceedings in London’s High Court accusing Raj Kundra of blackmail for allegedly breaching a confidential 2019 settlement
  • An interim injunction obtained on May 30 bars Kundra from making disparaging statements and he has agreed to its terms pending full trial
  • Kundra argues he was ‘misled and defrauded’ of the true value of his 11.7% stake forfeited after a 2015 IPL betting scandal and is seeking either equity restoration or financial compensation
  • Court documents show Kundra threatened to involve Indian authorities and the BCCI and messaged IPL founder Lalit Modi warning Badale would ‘pay dearly’
  • He has also announced plans to publish documented evidence alleging financial misconduct and money laundering by a key Rajasthan Royals promoter