Mumbai Police is preparing a lookout circular against Bollywood actor and her husband Raj Kundra in a multi-crore fraud case.
The celebrity couple is accused of defrauding a businessman of about Rs 60 crore in a case linked to an investment deal for their now-defunct Best Deal TV Pvt Ltd.
Economic Offences Wing (EOW) sources suggest the police are now investigating the travel logs of Ms Shetty and Mr Kundra. The firm’s auditor has also been called for questioning.
Businessman Deepak Kothari had alleged that between 2015 and 2023, the couple had taken Rs 60 crore from him under the pretext of expanding their business, but spent it on personal expenses. The couple had allegedly taken the money as a loan but later showed it as an investment, citing tax savings.
According to Mr Kothari, he was assured that the money would be returned within a certain time with 12% annual interest and that Ms Shetty had given him a personal guarantee in writing in April 2016. But within a few months, Ms Shetty resigned as director of the firm.
The businessman claimed he later found out that an insolvency case of Rs 1.28 crore was also going on against the company, regarding which he was not informed earlier.
Ms Shetty and Mr Kundra had denied the allegations and called it a baseless and malicious case aimed at maligning them.