The Economic Offences Wing (EOW) of Mumbai Police has recorded the statement of Bollywood actress Shilpa Shetty in connection with an alleged Rs 60 crore cheating case, involving her husband and businessman Raj Kundra.
Shilpa Shetty grilled by EoW
According to reports, the EOW questioned Shilpa at her residence for around 4–5 hours, seeking detailed information about transactions linked to her advertising company's bank account. During the session, she submitted several important documents, which are now under scrutiny.
Officials said the police are examining the company's role and reviewing the entire financial transaction record as part of the ongoing investigation.
Bombay HC Rejects Shilpa, Raj's request for Phuket trip
The Bombay High Court had recently denied Shilpa Shetty and Raj Kundra permission to travel abroad for a family vacation to Phuket, Thailand. The couple had requested suspension of a lookout circular issued by the EOW, arguing that they had confirmed bookings for travel between October 2 and 5.
The public prosecutor told the court that serious economic crimes have already been registered against Raj Kundra and Shilpa Shetty, and two cases are still pending. Therefore, allowing them to travel abroad would not be appropriate. Shilpa and Raj stated that this case is several years old and that Raj Kundra has always cooperated with the investigation. He has also participated in police interrogations upon summons.
Rs 60 crore cheating case
Shilpa and her husband Raj are under investigation in a Rs 60 crore fraud case. Mumbai businessman Deepak Kothari has accused Shilpa Shetty and Raj Kundra of cheating the company out of Rs 60.4 crore. Kothari is a director of a non-banking financial company (NBFC) named Lotus Capital Finance Services.
According to the complainant, he came in contact with Kundra and his actor wife through one Rajesh Arya. Kundra and Shetty were directors of Best Deal TV Private Limited, a home shopping and online retail platform. Through Arya, they sought a loan of Rs 75 crore, but to avoid higher taxation, they showed it as an investment.
The amount was provided between 2015 and 2023 as a loan and investment, but it was later allegedly utilised for personal needs. This case involves 'Best Deal TV Private Limited', a now-closed company.
Also Read: Bombay HC refuses to grant relief to Shilpa Shetty and Raj Kundra in Rs 60 crore cheating case
Also Read: Shilpa Shetty denies Rs 15 crore transfer from Raj Kundra, lawyer calls allegations 'fake'
