Raj Kundra, who is British, owns the Rajasthan Royals team and is married to Bollywood star Shilpa Shetty
India's cricket board is holding a meeting to discuss alleged corruption in the Indian Premier League (IPL).
Last week, the police seized the passport of Rajasthan Royals
team owner Raj Kundra over allegations of betting. Mr Kundra has denied
any wrongdoing.In May, three players from his team - S Sreesanth, Ajit Chandila and Ankeet Chavan - were arrested.
They were accused of spot-fixing which involves rigging parts of a match to benefit those betting on matches.
Sreesanth has denied the charges and has proclaimed his innocence. The families of Chandila and Chavan have also said they are innocent.
The players remain in custody and have been suspended by India's cricket board and their IPL team. The arrests have shocked many Indians.
Former cricket board chief N Srinivasan also stepped aside after his son-in-law Gurunath Meiyappan was arrested over allegations of betting in the IPL. Mr Meiyappan has since been released on bail.
The police questioned Mr Kundra, who is married to Bollywood star Shilpa Shetty, last week and ordered him not to leave India.
The police said Mr Kundra had admitted to betting, which is illegal in India.
Mr Kundra has said in a statement that he would "unhesitatingly forfeit" his share in the Rajasthan Royals team if "an iota of wrongdoing is finally established against me".
Monday's "emergency meeting" of the Board of Control for Cricket in India (BCCI) is likely to discuss the allegations against Mr Kundra, media reports say.
Reports say that the BCCI will also examine the "findings" and recommendations of its own anti-corruption unit which has investigated the spot-fixing charges against the three cricketers.
The IPL is considered to be the world's showcase for Twenty20 cricket. Top Indian and international players take part, contributing to what is the world's richest cricket tournament.
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