|This article is outdated. (July 2015)|
London, United Kingdom
|Spouse(s)||Kavita Kundra (divorced)
Shilpa Shetty (2009–present)
Kundra was born and raised in London. He left school at the age of 18 and in 2004 was ranked by SUCCESS magazine as the 198th richest British Asian. As of 2009[update], Kundra was Chief Executive Officer of Essential General Trading LLC, which was described in a press release as being "a Dubai-based international trading company dealing in precious metals, construction, mining and green renewable energy projects". He was also at that time involved in the financing and production of Bollywood movies.
Kundra is involved with a charitable organisation called the Shilpa Shetty Foundation.
At present, he is associated with Groupco Developers, a real estate firm that operates in eight Indian cities, Ashwini Steel, which makes mild steel from scrap, TMT Global, which claims to predict stock prices, Essential Sports and Media which is into production and distribution apart from sports, and Iconic Investments, which claims to be a private fund trading in equity markets. There are a few other ventures, too, such as Gold Gate Trading, which describes itself as a trade and investment firm based in Dubai.
Indian Premier League
In 2009 Kundra and Shetty invested in the Indian Premier League cricket team Rajasthan Royals using an offshore company based in Mauritius as the vehicle for doing so. The couple hoped to use Shetty's image and status as a "global brand" as a means of boosting the image of the team through merchandising and media exposure, as well as attracting sponsors.
Kundra was questioned by Delhi Police in June 2013 with regard to the 2013 Indian Premier League spot-fixing case, which had involved the arrest of some Rajasthan Royals players. Kundra admitted to betting and that he had lost huge amounts in doing so on his own team.
Super Fight League
IPL Life Ban
A Supreme Court appointed panel suspended IPL franchise owner Raj Kundra for being found guilty of illegally betting on games, in what was seen as a bid to clean up the big ticket tournament hit by a barrage of corruption controversies. A three member committee headed by former chief justice of India RM Lodha hit life ban for Kundra on 14th July, 2015 along with former Chennai Super Kings official Gurunath Meiyappan, who’s the son-in-law of International Cricket Council (ICC) president N Srinivasan.
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