raj kundra cricket bettingRaj Kundra linked company withdraws real money stock game following media and SEBI pressure
Days after the media and the Securities and Exchange Board of India (SEBI) raised questions about the legality of stock exchange based games luring customers with real money under the garb of being a game of skill, Satyug Gold Pvt. Ltd., promoted by Raj Kundra, has withdrawn its real money offering on its website Stockrace.in, to avoid any questions raised on the legality of the game and punitive action by SEBI.
The homepage of Stockrace.in has now clearly mentioned that the game is free to play and has removed any references to deposit of any money. The game however, continues to offer prizes to winners.
The decision to withdraw real money stock based games comes just a week after Glaws.in had raised questions about the legality of such games, noting that they would probably fall under the definition of ‘derivatives’ under the Securities Contract (Regulation) Act, 1956 and consequently, could be construed as an unrecognised and illegal stock exchange.
SEBI had also issued advisories last month cautioning investors against participating in such schemes and stating that online prize-based stock exchange games do not fall within its regulatory ambit.
It is learnt that stockrace.in had managed to garner over 10,000 registrations in the past one month owing to the lure of real money gaming on stock exchanges. Although the real money component has been withdrawn, it is believed that the game will continue as a free raj kundra cricket bettingRaj Kundra linked company withdraws real money stock game following media and SEBI pressure to play competition.
raj kundra cricket bettingRaj Kundra Net Worth, Family, Parents, Wife, Children
Bio
Name
Raj Kundra
Birthdate ( Age)
9 September 1975
Place of Birth
London, United Kingdom
Marital Status?
Married
Partner/Wife
Shilpa Shetty?(m.2009)
Children
Parents
Bal Krishan Kundra,?Usha Rani Kundra
Profession
Businessman
Net Worth
Raj Kundra is a businessman. His father, Bal Krishan Kundra was a middle-class businessman and his mother Usha Rani Kundra was a shop assistant when he was a child. Kundra has had various investment interests, including cricket and mixed martial arts.
In 2017 Kundra entered into a partnership with the International Federation of Poker, to launch the worlds first sports poker league, via his company Viaan Industries Ltd ?and announced the winning team representing the team India in the nations cup.
Raj Kundra’s father was a Punjabi who migrated from bathinda and became a bus conductor in London before running a small business. His mother worked as a shop assistant. Kundra was born and raised in London. At the age of 18, Kundra left home for Dubai further went to Nepal and started a business of pashmina shawls and sold them to all major fashion houses in Britain and made his first millions. In 2007 he moved to Dubai and set up Essential General Trading LLC a 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 films.
Kundra has been married twice, first to Kavita Kundra, with whom he had a daughter. The couple later divorced. On 22 November 2009 Kundra married Bollywood actress Shilpa Shetty. Kundra and Shetty have a son, born on 21 May 2012,and a daughter, born through surrogacy on 15 February 2020.Kundra is involved with a charitable organisation called the Shilpa Shetty Foundation. His book titled How Not to Make Money was published in 2013.
Raj Kundrais married to Shilpa Shetty, a Bollywood actress, since 2009. He got arrested for producing pornographic content on 20th july 2021.
Raj Kundra is a businessman who has an estimated Net Worth of ?$ 400 million in 2021.In 2004, he was ranked as the 198th richest British Asian by Success.
As of 2013, Raj Kundra was associated with Essential Sports and Media which was involved with production and distribution apart from sports, and Iconic Investments, a private fund trading in equity markets. Other ventures included Satyug Gold, Super Fight League, and more recently Bastian Hospitality a famous restaurant chain in Mumbai.
In 2015, Kundra was among the promoters of online and television broadcast platform Best Deal TV, an Indian television home shopping channel capitalising on celebrity endorsements. His co-promoter was Bollywood actor Akshay Kumar.
Under the government of India’s Startup India initiative Raj Kundra is set to launch India’s first live streaming social raj kundra cricket bettingRaj Kundra linked company withdraws real money stock game following media and SEBI pressure media app Jaldi Live Stream App which will allow professional as well as amateur streamers to live stream their content.Under the government of India’s Startup India initiative, Raj Kundra CEO of J L Stream Pvt Ltd launched India’s first live streaming social media app Jaldi Live Stream app which will allow professionals as well as amateurs to showcase talent by live streaming
On 19 July 2021, the property cell of the Mumbai Crime Branch arrested Raj Kundra after questioning him regarding the busted case, registered at the Malwani police station in suburban Mumbai in February 2021, for being the key conspirator in creating and distributing pornographic content through mobile applications and websites.
Mumbai Police Commissioner Hemant Nagrale claimed they have sufficient evidence regarding this case. According to Mumbai Police sources, Raj Kundra had invested around ?8 to ?10 crores in this porn industry. Raj Kundra and his brother living in Britain formed a company, named Kenrin. The videos were shot in India and were then transferred to the UK via WeTransfer to Kenrin, a UK-Based firm.
raj kundra cricket bettingRaj Kundra suspended by BCCI pending inquiry
New Delhi: Jun 10, 2013
Rajasthan Royals co-owner Raj Kundra was suspended by the Board of Control for Cricket in India (BCCI) on Monday, on charges of gambling during Indian Premier League 2013 matches while Ravi Sawani’s report on the spot-fixing scam was forwarded to the Board’s disciplinary panel in an Emergent Working Committee meeting here.
“The Working Committee today [Monday] decided to suspend Raj Kundra on allegations of gambling on IPL VI matches till the pendency of inquiry,” a senior working committee member and BCCI office-bearer told PTI.
“Kundra will be debarred from taking part in any cricketing activity related to Rajasthan Royals which effectively means that he won’t be seen during Rajasthan Royals matches in the upcoming Champions League Twenty20 in September,” he said.
The Board’s head of the interim arrangement, Jagmohan Dalimya, was forced to call the meeting after the Delhi Police claimed that Kundra, a minority (11.7 per cent) shareholder in Rajasthan Royals, had confessed to betting during the IPL matches.
If the charges are proved, Rajasthan Royals face the prospect of being terminated from the IPL and to avoid this fate, the franchise has already distanced itself from Kundra.
BCCI’s Anti Corruption and Security Unit chief Ravi Sawani also tabled his report on the three tainted cricketers? — Test pacer S Sreesanth, Ashok Chandila and Ankeet Chavan — who were arrested for alleged spot-fixing.
The working committee decided to forward the report to the Board’s disciplinary committee.
“The sealed report of Sawani was not opened at the meeting as the committee found it prudent to hand it over to the disciplinary committee,” the official said.
“As is the process of natural justice, the players, once they are out of judicial custody, will be summoned for presenting their side of the story before the final verdict is pronounced,” he added.
Among other decisions, the working committee ratified the name of Sanjay Patel as the Secretary and also elected Mumbai Cricket Association President Ravi Sawant as the Treasurer, a post left vacant by Ajay Shirke in the wake of the spot-fixing scandal.
Monday’s meeting saw some heated exchange between some Board members and former BCCI and current Punjab Cricket Association President IS Bindra, who questioned the authority of Dalmiya.
Bindra asked in what capacity was Dalmiya pronouncing Kundra’s suspension and appointing Patel and Sawant as executive functionaries of the Board since he is not the interim President.
To this, Sawant, who was representing the MCA, protested and showed Bindra a clause in the BCCI Constitution that allows someone to convene and conduct a meeting if five members of the current working committee propose his name. After this, Bindra’s protest didn’t find any takers.
Dalmiya is heading the interim arrangement after N Srinivasan stepped aside as President following allegations of betting against his son-in-law and Chennai Super Kings Team Principal Gurunath Meiyappan. Srinivasan’s company India Cements owns the IPL franchise.
Asked whether there was any discussion regarding Chennai Super Kings during the meeting, the official answered in the negative.
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raj kundra cricket bettingRaj Kundra unlikely to be arrested despite betting claims： Delhi Police
Mumbai: Jun 6, 2013
Sources in the Delh Police on Thursday said that they are unlikely to arrest Rajasthan Royals co-owner Raj Kundra, who admitted to have been involved in Indian Premier League (IPL) betting, if they fail to establish a spot-fixing link.
According to CricketNext, the Delhi Police Special CP, SN Srivastav said, “We are not arresting him as we don’t have enough evidence yet.” However, the police are keeping the option of charging Kundra under the Gambling Act open.
Meanwhile, sources in the BCCI have told CNN-IBN that they have taken cognizance of the Delhi Police statement on Raj Kundra and will be having Emergent Working Committee meeting on the issue soon.
Earlier, Delhi Police Chief Neeraj Kumar said that the Rajasthan Royals co-owner Raj Kundra was involved in betting and that is why they called him for questioning.
“He admitted to betting, especially on his own team. He also said he has lost a lot of money during the betting,” said Kumar.
Kumar also said that Umesh Goenka is a bookie and that Kundra placed raj kundra cricket bettingRaj Kundra linked company withdraws real money stock game following media and SEBI pressure his bets through him.
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