Mumbai Police issued a lookout notice against Bollywood stars Shilpa Shetty and Raj Kundra in a Rs 60-crore fraud case linked to Best Deal TV. Businessman Deepak Kothari alleges cheating, while the couple denies all charges.
Mumbai Police has issued a lookout circular against Bollywood actor Shilpa Shetty and her husband Raj Kundra in connection with an alleged Rs 60-crore fraud case linked to their now-defunct company, Best Deal TV Pvt Ltd. According to the Economic Offences Wing (EOW), as reported by NDTV, the couple is accused of cheating businessman Deepak Kothari, who claims they took about Rs 60 crore from him between 2015 and 2023 under the pretext of business expansion but diverted it for personal use.
Allegations against Shilpa Shetty and Raj Kundra
Kothari alleged that the money was taken as a loan with a promise of 12% annual interest, and in April 2016, Shetty personally signed a guarantee assuring repayment. However, within months, she resigned as director of the company. Later, the couple allegedly reclassified the money as an ‘investment’ citing tax benefits.
The businessman further claimed he later discovered that an insolvency case worth Rs 1.28 crore was already pending against the firm, but this information was never disclosed to him at the time of the deal.
Police sources said investigators are now examining Shetty and Kundra’s travel history and have summoned the firm’s auditor for questioning. Meanwhile, the couple has strongly denied the allegations, terming the case ‘false, baseless and malicious’, and alleging it was intended only to damage their reputation.