I don't fear I-T probe: Shilpa Shetty

New Delhi: Indian Premiere League (IPL) team, The Rajasthan Royals, are definitely under the scanner not just of the BCCI probe but also the I-T department.

Brand Ambassador of the team Shilpa Shetty says the team has nothing to fear and the stake was bought after due diligence. She was talking to CNBC-TV18's Features Editor Anuradha SenGupta.

Anuradha SenGupta:How are you coping with the controversy surrounding the IPL?

Shilpa Shetty: This one is getting murky by the minute and I just think it's become too political. I am pretty apolitical as a person. So I really don't know what is happening and as far as we are concerned, Raj and me, we just looked at it as just a business investment after doing a lot of due diligence and knowing that it is one of the most well-managed teams, we decided to invest in it and we have no regrets whatsoever.

I would just like to clear my stand and say that for us everything is about board, so there is no fear. It's an income tax (IT) probe and whatever needs to be done should be.

Anuradha SenGupta:When you look at the records of registrar of companies it is very clear who owns what. In 2009, when you and Raj Kundra bought this stake in Rajasthan Royals. Did you all know about all the other co-owners-I am guessing you did?

Shilpa Shetty: Yes, of course we did and Raj got into the financial aspect of thing. I look after the marketing for Rajasthan Royal but at that point when we came in, it was a year after the first investors had already done their thing and then we were buying in stakes. So Raj did his bit of finding out what needed to be known.

Anuradha SenGupta: What's the equation with the team because here you are somebody who openly says that, "I don't know about cricket, I don't know about the business of cricket, what I know about is maybe to create a brand" which you are doing and doing successfully? So when you then either support them or inspire them, how do they listen because these are the guys who are professionals, they are dealing with coaches, they are dealing with the boards of cricket control in their countries or in India, so how do they react to you?

Shilpa Shetty: We are the owners; they are just nice to us.

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#IPL controversy #I-T probe #