Businessman Raj Kundra, husband of actress Shilpa Shetty, is once again facing scrutiny. He has been summoned by the Economic Offences Wing (EOW) in connection with a 60-crore rupee investment fraud case. Initially, both Shilpa and Raj were asked to appear before the investigating authorities on September 10th. However, Raj Kundra requested an extension, and he is now scheduled to appear before the Economic Offences Wing for questioning on September 15th.
A Look Out Circular (LOC) has also been issued against Shilpa and Raj to prevent them from leaving the country. According to police sources, the auditor of the National Company Law Tribunal (NCLT) has also been summoned for questioning. The FIR against Shilpa and Raj was filed by Deepak Kothari, director of Lotus Capital Financial Services, at the Juhu police station.
Kothari alleges that between 2015 and 2023, he invested 60.48 crore rupees in Best Deal TV Pvt. Ltd., a company promoted by Shetty and Kundra, for business expansion. The couple is accused of using this money for personal use, and the Economic Offences Wing is investigating the matter. The complainant alleges that the money was initially taken as a loan but was later presented as an investment to avoid taxes.
Deepak claims he was assured at a meeting that the money would be returned with 12% annual interest within a specified time. Shilpa herself provided a written guarantee in 2016. However, Shilpa later resigned from her director’s position in the company. Subsequently, it was revealed that an insolvency case of 1.28 crore rupees was pending against the company.