Raj Kundra, the husband of Shilpa Shetty, is reportedly facing mounting legal challenges. He is currently embroiled in a 60-crore rupee investment fraud case. The Economic Offences Wing (EOW) has summoned him for questioning. While initially instructed to appear on September 10th, Kundra has been granted an extension, with the new date set for September 15th.
To prevent their departure from the country, a Look Out Circular (LOC) has been issued against both Shilpa Shetty and Raj Kundra. Police investigations also include questioning the auditor of the National Company Law Tribunal (NCLT). The FIR was filed by Deepak Kothari, the director of Lotus Capital Financial Services, at the Juhu Police Station.
Kothari alleges that he invested 60.48 crore rupees between 2015 and 2023 in Best Deal TV Pvt. Ltd., a company promoted by Shetty and Kundra, for the purpose of business expansion. The allegations include that the couple misappropriated the invested funds for their personal benefit. The Economic Offences Wing is actively investigating this matter. The complainant has stated that the initial agreement was structured as a loan, later misrepresented as an investment to avoid taxation.
Furthermore, Deepak Kothari claims that during a meeting, he was promised the return of his investment with a 12% annual interest, within a specified time frame. Shilpa Shetty also provided a written guarantee in 2016. However, she later resigned from her directorship at the company. Subsequently, it was revealed that the company was involved in an insolvency case involving a sum of 1.28 crore rupees.
