Media365
The Mumbai Police has issued a lookout circular against Bollywood actor Shilpa Shetty and her husband, Raj Kundra, in connection with a multi-crore fraud case. The couple is accused of allegedly defrauding a businessman of approximately Rs 60 crore in a case linked to an investment deal for their now-defunct company, Best Deal TV Pvt Ltd.
According to sources from the Economic Offences Wing (EOW), the police are currently investigating the travel records of Shetty and Kundra. The firm’s auditor has also been summoned for questioning.
Businessman Deepak Kothari filed the lawsuit, claiming that the couple stole Rs 60 crore from him between 2015 and 2023 while claiming to be expanding their company but instead used the money for personal expenses. He claimed the money was initially taken as a loan but was later presented as an investment for the purpose of saving on taxes.
Also Read: ED raids Raj Kundra in porn-linked money laundering case
Deepak Kothari stated that he was assured the money would be returned within a specific timeframe with 12pc annual interest. He also claimed that in April 2016, Shetty provided him with a personal guarantee in writing. However, within a few months, Shilpa Shetty resigned as a director of the company.
The businessman further alleged that he later discovered that an insolvency case of Rs 1.28 crore was ongoing against the company, which he had not been informed about previously. Both have denied the allegations, calling the case “baseless and malicious” and stating that its goal is to malign them.
Also Read: Shilpa Shetty, Raj Kundra booked in ₹60-cr fraud case
