Shilpa Shetty and husband Raj Kundra booked by EOW in Rs 60.4 crore FRAUD CASE; businessman accuses couple of misappropriation of funds |

Bollywood actor Shilpa Shetty Kundra and her husband and businessman Raj Kundra, together with an unidentified particular person, have been booked by the Economic Offences Wing (EOW) of the Mumbai Police for allegedly defrauding a city-based businessman.

Police Report

According to the police report, the three had been concerned in a loan-cum-investment deal linked of Rs 60.4 crore to their now-defunct firm Best Deal TV Pvt Ltd. Businessman Deepak Kothari has alleged that the couple ‘misappropriated funds’ he supplied between 2015 and 2023 for enterprise growth. He additionally alleges that they diverted the funds for private use. The case was initially registered at Juhu Police Station beneath sections associated to dishonest and forgery. However, it was later transferred to the EOW after it was decided that the quantity concerned exceeded Rs 10 crore.

Complaint Registered

The grievance, in accordance with ANI, alleges that the accused initially sought a Rs 75 crore mortgage at 12% curiosity however later persuaded him to offer the funds as an “investment” to scale back tax liabilities. He was reportedly assured month-to-month returns together with reimbursement of the principal.

The Allegations

Kothari, a Juhu resident, acknowledged in his grievance that he was launched to Shetty and Kundra by one Rajesh Arya. At the time, the couple had been administrators of Best Deal TV Pvt Ltd, a house purchasing and on-line retail platform, and collectively held 87.6% of its shares.He claims to have transferred Rs 31.9 crore in April 2015 beneath a share subscription settlement, adopted by one other Rs 28.53 crore in September 2015 beneath a supplementary settlement. Despite providing a private assure in April 2016, Shetty resigned as director in September that 12 months, the FIR notes. Kothari later found that the corporate had entered chapter proceedings in 2017 after defaulting on one other settlement.Police confirmed that an investigation is underway and that additional particulars will likely be shared because the case progresses.