During the preliminary inquiry, Shilpa Shetty and Raj Kundra had each been called three times before, but they had sent their lawyers instead, citing their stay in London.
Raj Kundra-Shilpa Shetty Fraud Case: The Economic Offences Wing (EOW) has called Raj Kundra, the businessman and husband of Bollywood star Shilpa Shetty, in relation to a cheating case worth Rs 60.48 crore. After requesting an extension, Kundra, who was originally scheduled to testify before investigators on September 10, will now appear on September 15. To stop the pair from leaving this country, a Look Out Circular (LOC) has been issued against them.
EOW calls NCLT auditor for questioning
According to a senior EOW official, the National Company Law Tribunal (NCLT) auditor has also been summoned for interrogation. During the preliminary inquiry, Shetty and Kundra had each been called three times before, but they had sent their lawyers instead, citing their stay in London.
However, the EOW stated that the lawyer’s information was insufficient, which led to the official FIR being filed.
Who filed the complaint against Raj Kundra?
Deepak Kothari (60), Director of Lotus Capital Financial Services, filed the complaint that led to the filing of the FIR at the Juhu Police Station. Kothari said that in order to expand his business, he spent Rs 60.48 crore in Best Deal TV Pvt. Ltd., a firm that was supported by Shetty and Kundra, between 2015 and 2023. Allegedly, the money was stolen and used for their own benefit.
Investor lured with returns, alleges fraud
Kothari said that a mutual acquaintance had introduced him to Raj Kundra. Together, Shetty and Kundra owned 87.6% of Best Deal TV, an online marketplace for retail and shopping, at the time. They reportedly promised him a return of the main investment as well as monthly profits. Later, in 2016, Shilpa Shetty left the firm.
Shilpa Shetty, Raj Kundra face criminal breach charges
Kothari also learned that the company was facing insolvency after being accused of fraud by another investor. The EOW filed a complaint against Shilpa Shetty, Raj Kundra, and another person under IPC Sections 403 (dishonest theft of property), 406 (criminal breach of trust), and 34 (common intention) after conducting a thorough preliminary investigation.
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