Mumbai's EOW Summons Shilpa Shetty's Husband, Raj Kundra, Alleged in Rs 60 Crore Cheating Case:

Mumbai's EOW Summons Shilpa Shetty's Husband, Raj Kundra, Alleged in Rs 60 Crore Cheating Case The Economic Offences Wing (EOW) of Mumbai Police has recently summoned Shilpa Shetty's Husband, Raj Kundra, a businessman, in a Rs 60.48 Crore Cheating Case. An FIR was filed against him on August 13 at the Juhu police station. Police had asked him to appear for questioning on Wednesday; however, he informed the officials through his representative that he would be able to appear next Monday (September 15). Previously, the Economic Offences Wing (EOW) also issued Look-Out Circulars (LOCs) against the businessman, Raj Kundra and his wife, actress Shilpa Shetty. Asked them to stay in India while the investigation is going on against them, as the couple is known for frequent overseas travel.

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The complaint was filed by a 60-year-old businessman named Deepak Kothari, who is a director of Lotus Capital Financial Services. In his complaint, he claimed that between the time period of 2015 and 2023, both husband and wife took funds from him to expand their business; however, instead of investing them in the business, they used them for their personal purposes. According to the registered FIR, Kothari met Kundra through a common contact. He was told that Kundra and his wife owned about 88% of Best Deal TV, a home-shopping and online retail company. At first, Kundra asked Kothari for a loan of Rs. 75 crore at 12% interest. Later, he convinced Kothari to invest the money instead, saying it would give better returns and involve fewer tax issues. Kothari claimed that instead of investing the money in business, he transferred the money in instalments, starting from 2015. Later, he found out that the company was already facing insolvency proceedings in another cheating case. Shilpa Shetty resigned her post as director in 2016. Kothari also claimed that Kundra kept delaying the repayment, usually giving the excuse of the COVID-19 pandemic.

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When the Economic Offences Wing (EOW) conducted a deep investigation into the case, they found solid evidence regarding Kothari's funds being genuinely misused by the businessman, Raj Kundra and his wife, actress Shilpa Shetty. So, Kundra, Shetty, and another unknown person were charged under the law for wrongly using someone else’s property, breaking trust, and acting together with a shared plan.