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