India News: Rajasthan Royals have said the franchise's co-owner Raj Kundra will be suspended and have to "forfeit his shares" if he is found guilty of any wrongdoing.

Kundra, who according to Delhi Police has admitted to betting on IPL games, is a minority shareholder and has no part in the running of the franchise, according to a statement issued by Royals' chairman Ranjit Barthakur and CEO Raghu Iyer.