Actor Bollywood Shilpa Shetty and her husband Raj Kundra, rejected charges of cheating entrepreneur Over £60 crore and says: “There is no crime and that our auditors have submitted all the support documents to the wing of economic crimes (EOW).”
Entrepreneur Deepak Kothari was registered against the couple and claimed that the actor and her husband were looking for funds for their company, Best Deal TV PVT LTD, under the pretext of business expansion, but abused the money for personal purposes. Kothari claims that the transaction took place between 2015 and 2023 and attempts to restore money failed.
How does Shilpa Shetty and Raj Kundra react?
Attorney Prashant Patil, representing the couple, said: “My clients were informed about some segments of electronic and press media, that they registered against my clients against my clients in wings, mumbai, and at the beginning, and at the beginning, they deny all the accusations against my clients who are purely civil in nature.”
He added: “This is an old transaction in which the company got into a financial emergency and eventually got involved in a long legal battle on NCLT. There is no crime and our auditors have occasionally submitted all the necessary support documents, as required by EOW, including detailed cash flow statements.
What are the accusations?
The complainant said Shetty and Kundra contacted Kothari in 2015 through a mediator to seek and £75 CRORE Loan for Best Deal TV PVT LTD, a company that specializes in promoting lifestyles and operates online shopping platform. The proposed interest rate of the loan was 12 %.
Later, they reportedly asked Kothari to consider the funds to be a “investment” rather than a loan, promising monthly revenues and repayment of principal.
Kothari said he moved £31.95 Crore in April 2015 through a subscription contract and more £28.53 Crore in September 2015 through an additional agreement. The total resources were credited to Best Deal TV bank accounts.
He also claimed that more efforts to obtain funds were unsuccessful and accused a few “dishonestly using” money for their own benefit.
In particular, this is not the first case of fraud against Raj Kundra. In December 2024, he was convened by the Directorate for the Hardwood to the case of money laundering associated with the alleged unlawful division of pornographic films.
The case dates back to May 2022 and includes at least two FIRs and indictments submitted by the Mumbai Police against Kundra and others. The entrepreneur and several others were arrested, but they were subsequently a bail.
(Tagstotranslate) Shilpa Shetty and Raj Kundra
