Delhi Police chief Neeraj Kumar also said that Kundra's confession before the police on betting was not admissible in court.
The Delhi Police, that questioned RR co-owner Raj Kundra, claimed that he had admitted to betting and even lost a lot of money in doing so.
Jagdale found Kundra's admission to betting shocking and said its time BCCI took some steps to clean the system.
Sources said Raj Kundra's friend Umesh Goenka has revealed that Shilpa Shetty is also involved in betting on cricket matches.
The BCCI is likely to convene an Emergent Working Committee meeting soon to decide on the fate of Rajasthan Royals.
Sources in the Delhi Police say they are unlikely to arrest Raj Kundra if they fail to establish a spot-fixing link.
The Delhi Police said Kundra even placed bets on matches of his team Rajasthan Royals through his business partner Umesh Goenka.
Sources say RR player Siddharth Trivedi told police that Kundra's business partner Umesh Goenka used to ask players for specific information.
Sources say Raj Kundra has not been given a clean chit just yet after being questioned for hours on Wednesday by the police.
Sources have told CNN-IBN that the police found some of Rajasthan Royals owner Raj Kundra's answers to be inconsistent.
Gujarat Chief Minister Narendra Modi on Wednesday dared the government to arrest him in the Ishrat Jahan fake encounter case, according to sources.
Raj Kundra is the first person to be questioned after Maharashtra Control of Organized Crime Act (MCOCA) was involved in the case on Tuesday.
Rajasthan Royals' CEO Raghu Iyer said that the owners, management, captain, coach and players and staff are shocked and disappointed at the entire situation.
The Delhi Police said reports that police may interrogate Shilpa Shetty or Raj Kundra or Rahul Dravid were wrong.
Rajasthan owner Raj Kundra said that it is the players who lack integrity, are involved and not the IPL.
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