British Indian businessman and Rayasthan Royals shareholder Raj Kundra is facing suspension from the Indian Premier League (IPL) after he was accused of betting on his own team, according to reports.
Delhi police have also seized Mr Kundra's British passport until the investigation into the IPL betting scandal is complete.
Three Royals players, including former India international S Sreesanth, are being investigated for allegedly engaging in spot fixing during several IPL matches.
Kundra, 37, incurred "significant losses" after betting against his own team, the Royals, during the recently concluded Indian Premier League, according to Delhi police commissioner Neeraj Kumar.
Under IPL rules, team owners - Kundra owns 12% of the Royals - can be suspended and the franchise terminated if they are found to have brought the game of cricket into disrepute through activities such as betting.
The London-born magnate, husband of Bollywood actress Shilpa Shetty, was questioned for 12 hours by police on Wednesday over links between bookies and Royals players, reportedly telling police that the players had taken bookies into their hotel rooms saying they were "personal friends".
Under Board of Control for Cricket in India (BCCI) and IPL anti-corruption guidelines, team owners are obliged to be aware of interactions between players and unknown individuals.
Information on Kundra came to light during the interrogation of his friend and business associate Umesh Goenka, who is alleged to have tried to obtain information on team tactics and strategy from several Royals players.
Goenka is a partner in Kundra's Ahmedabad-based metals business and was a visible presence during numerous Royals matches alongside Kundra and wife Shilpa.
Apart from the Rajasthan Royals, Kundra is also a founder and shareholder in the Indian Mixed Martial Arts (MMA) Super Fight League and has business interests in Dubai, the Ukraine and East India.
More to follow.BLOG COMMENTS POWERED BY DISQUS