Raj Kundra and Shilpa Shetty are accused of scam of 60 crores. EOW questioned Raj Kundra for 5 hours and Shilpa Shetty will also be summoned soon. It is alleged that the investor’s money was misused for personal expenses.
Raj Kundra Fraud Case: In the 60 crore scam, actress Shilpa Shetty’s husband Raj Kundra was questioned by the Economics Offenses Wing (EOW) for about 5 hours on Monday. The police have taken a detailed statement of Kundra. But according to the reports, they can be summoned again next week. The reports quoted the police as saying that initial investigation has revealed that Raj Kundra’s company has sent a huge amount to Bollywood celebs in the name of fees and other expenses. Raj Kundra’s statement has been recorded under the supervision of DCP Nimit Goyal.
Raj may send summons again to Kundra
According to the Hindustan Times report, a senior EOW officer said, “We have recorded Kundra’s initial statement, in which he claimed that the money that has been paid is valid expenses or the fees of the recipient. We are checking the financial records and if needed, we can call him again next week.”
What has been revealed in the investigation so far?
The investigation has so far identified payment sent to five companies Satyug Gold, Vihaan Industries, Essential Bulk Commodities Private Limited, Best Deal and Statement Media. According to the reports, Raj Kundra told the police that he has given Rs 20 crore as broadcasting fees and Rs 3 crore as a rent of the warehouse. Apart from this, he has also paid fees to celebrities.
Shilpa Shetty will also be summoned
The report quoted a police officer as saying, “We are also finding out why Shilpa Shetty charged celebrity fees from the same firm despite being a director. She will be called to record the statement soon.”
The equity shares of the complainant were disturbed!
According to the report, the EOW has also identified the disturbances in the allotted equity shares which were not properly valued. Authorities have also sought access of promotional videos in which celebrities have worked. But he was told that all videos were seized during Raj Kundra’s pornographic content case. Now in this case, Eow is planning to write a letter to the crime branch.
What is a scam of 60 crores associated with Raj Kundra?
In fact, a 60 -year -old businessman from Mumbai, Deepak Kothari, had filed a complaint with the police, according to which the Kundra couple, between 2015 and 2023, used the money invested by the purpose of increasing their business and used it for personal benefit. Deepak Kothari is the director of Lotus Capital Financial Services. According to him, he was identified with Raj Kundra through a mutual contact. According to him, he was told that the couple had 88 percent stake in the Best Deal TV. Initially it was agreed that 12 per cent interest will be paid on a loan of Rs 75 crore. But later Kothari was conveyed to avoid investment tax, which will also give better returns.
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From 2015, Kothari started transferring the amount in installments. But soon he came to know that insolvency action has been started against another investor against the company. In 2016, Shilpa Shetty left the post of Director from this company. While Kothari repeatedly claimed the delay in payment, Raj Kundra described the Kovid-19 epidemic as the reason for this. Initial investigations by EOW have revealed that Deepak Kothari’s money was misused. A case was registered against Raj Kundra, Shilpa Shetty and one of his unknown colleagues under sections 403 (criminal betrayal), 406 (dishonesty) and 34 (shared intention) of the Indian Justice Code and now the Economic Offenses Branch (EOD) is investigating it.