Shilpa Shetty And Raj Kundra In Legal Tussel Again

Recently we came across number of reports which alleged Shilpa Shetty and Raj Kundra has stuck in 60 crore fraud case, however couple call it ‘baseless’.

According to report case has been filed against Shilpa Shetty and Raj Kundra for allegedly cheating a businessman, for the The Econimic Offences Wing (EOW) is looking into it. 

According to report by ANI 60 crore fraud complaint was filed by businessman Deepak Kothari, who claims the incident took place between 2015 and 2023. Shilpa and Raj’s lawyer responded to these claims.

According to news agency Deepak, director of Lotus Capital Financial Services Ltd, claims the incident took place between 2015 and 2023. He alleged that Shilpa and Raj took the money under the pretext of expanding their business but used it for personal expenses instead. Deepak further alleged in 2015, Shilpa and Raj approached him through a mediator seeking a ₹75 crore loan for their company, Best Deal TV Pvt Ltd, which promoted lifestyle products and ran an online shopping platform. The proposed interest rate was 12 per cent. Later, they reportedly asked him to provide the funds as an “investment” instead of a loan, assuring him of monthly returns and repayment of principal.
Deepak claimed he transferred ₹31.95 crore in April 2015 under a share subscription agreement, and another ₹28.53 crore in September 2015 under a supplementary agreement. The total amount was credited to Best Deal TV’s bank accounts. Repeated attempts to recover the funds allegedly failed, and Deepak accused the couple of “dishonestly using” the money for personal benefit.

According to ANI Shilpa and Raj’s advocate Prashant Patil released statement to press he said “My clients have been informed by certain segment of electronic and print media that there is an alleged case registered against my clients at the Economic offence wing, Mumbai. At the outset , my clients deny all the allegations against my clients which are purely civil in nature and have been adjudicated by the NCLT Mumbai on 04/10/2024.”
He added, “This is an old transaction , wherein the company went in to financial distress and eventually got entangled in a long legal battle at the NCLT. There is no criminality involved and our auditors have submitted all the necessary supporting documents from time to time, as requested by the EOW, including detailed cash flow statements. The investment agreement in question is purely in the nature of an equity investment.”
The advocate called the case ‘baseless’ and ‘malicious’, claiming, “The company has already received a liquidation order, which has also been placed before the police department . The concerned Charter accounts have visited the police station for last one year for more than 15 times with all the evidence supporting the claims of my clients. This is nothing but a baseless and malicious case aimed at maligning our clients, and appropriate action is being initiated from our side against the perpetrators.”

Well official confirmation from couple side is still awaited.