Raj Kundra called: Shilpa Shetty’s husband Raj Kundra has got into legal trouble after being called by the Mumbai Police in a case of investment fraud of Rs 60.48 crore. The Economic Offenses Wing (EOW) issued summons in a case registered at Juhu police station on August 14, alleging that the businessman and traitor’s fame actor cheated a businessman in a loan-in-charge deal.
Eve Saman Raj Kundra
Raj Kundra, who has turned 50 today, is facing fresh legal heat. The Mumbai Police had earlier issued a lookout circular (LOC) against him and wife Shilpa Shetty to ban his frequent international visit. EOW has now called Kundra to question the National Company Law Tribunal (NCLT) auditor. According to NDTV Repots, he was initially asked to appear on September 10, but the date was later extended to 15 September, when he sought more time.
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Couple and other unknown person were booked IPC section 403 (Unscrupulous misuse of property), 406 (Criminal violation of the trust) and 34 (General intent).
Raj Kundra fraud case worth Rs 60 crore
A complaint filed by the EOV, a 60 -year -old Mumbai -based businessman and a complaint filed by Lotus Capital Financial Services Director Deepak Kothari, stems a case of fresh fraud arising by the EOV. He lodged a complaint at Juhu police station, alleging that between 2015 and 2023, she invested Rs 60.48 crore in Shilpa Shetty and Raj Kundra’s company, Best Deal TV Private Limited. Kothari has claimed that instead of investing money in the company, the couple withdrawn money for personal use.
Also read Shilpa Shetty and Raj Kundra in legal trouble, Mumbai Police notices notice in fraud case of Rs 60 crore
About Raj Kundra Cheat Scam
According to the complaint, Deepak Kothari was presented a common acquaintance from Raj Kundra through Rajesh Arya. At the time, Shilpa Shetty and Kundra Best Deal TV Private Limited were the directors of a home shopping and online retail venture. Through Arya, the couple allegedly sought a loan of Rs 75 crore, but to avoid high taxation, it was shown as investment at 12% annual interest. He also promised monthly returns along with the principal’s repayment.
Although Shetty and Kundra gave a personal guarantee in April 2016, Shilpa resigned as director of the company in September that year. The FIR further stated that Kothari transferred money to the trench through 2015, but later it was discovered that insolvency proceedings were initiated against the company to cheat another investor.
Shetty and Kundra’s lawyer’s statement
The couple’s lawyer earlier issued a statement regarding this cheating case and said that their customers deny all the allegations that are purely civil in nature and have been postponed by NCLT Mumbai on October 4, 2024.
The statement wrote, “This is an old transaction, in which the company got into a financial crisis and eventually got entangled in a long legal battle in NCLT,”
“It does not include any criminality and our auditors have presented all the necessary supporting documents from time to time, as requested by EOW, including detailed cash flow details, ‘.
Gaddar fame Raj Kundra will appear for investigation on 15 September.
