In 2009, Raj Kundra and his wife Shilpa Shetty had bought a 11.7% stake in the Rajasthan Royals for approximately US$15.4 million. However, his involvement with the franchise came to an end in an unceremonious fashion in 2015.
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Raj Kundra alleges financial misconduct by the Rajasthan Royals promoter:
"I will soon be releasing documented evidence exposing serious financial misconduct, through offshore structures and hidden transactions involving a key promoter of the Rajasthan Royals. This includes deceit and manipulation in many shareholder dealings!" Raj Kundra wrote on X while also posting a picture with the words 'Karma Bol'.
— Raj Kundra (@onlyrajkundra) May 28, 2025
Rajasthan Royals reacted strongly to the comments and had complained to the Rajasthan government against Bihani. Meanwhile, the inaugural IPL champions had a disappointing campaign in IPL 2025. They bowed out of the competition at the league stage. The Royals finished at the 9th spot in the points table with just 4 wins from 14 games.
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