Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, are currently under investigation for allegedly defrauding Mumbai-based businessman Deepak Kothari of approximately ₹60 crore. The Economic Offences Wing (EOW) of the Mumbai Police has registered a case against the couple, accusing them of diverting funds from their now-defunct venture, Best Deal TV Pvt Ltd, for personal expenses between 2015 and 2023.
Allegations and Legal Proceedings
Kothari claims that he invested the substantial amount in the home shopping and online retail platform promoted by the couple. However, he alleges that the funds were misappropriated for personal use rather than business expansion. In response to these allegations, Raj Kundra has stated that the financial difficulties faced by the company were exacerbated by the government’s demonetisation policy in 2016, which he believes hindered their ability to repay the borrowed funds.
The Bombay High Court has intervened by issuing a Look Out Circular (LOC) against the couple, restricting their ability to travel abroad without prior permission from the court or investigating authorities. In a recent hearing, the court suggested that they deposit the contested ₹60 crore before considering any requests for international travel. However, Raj Kundra has refuted reports suggesting that the court has mandated such a deposit, clarifying that the court only sought details regarding their travel plans. mint
Impact on Personal and Professional Life
The ongoing legal issues have significantly impacted the personal and professional lives of Shilpa Shetty and Raj Kundra. The couple has been questioned multiple times by the EOW, and their international travel plans have been thwarted due to the imposed restrictions. The next hearing in the case is scheduled for October 14, 2025, where further developments are expected.
Public Response and Media Coverage
The case has garnered widespread media attention, with various reports highlighting the couple’s legal troubles. Raj Kundra has expressed frustration over what he perceives as misrepresentations in the media regarding the court’s directives. He has urged the public and media outlets to verify facts before publishing information related to the case.
As the legal proceedings continue, the future of Shilpa Shetty and Raj Kundra remains uncertain. The outcome of the upcoming court hearing on October 14 will likely determine the next steps in this high-profile case. Both individuals continue to maintain their innocence and are cooperating with the ongoing investigation.
