New Delhi: Bollywood actor Shilpa Shetty Kundra and her businessman husband Raj Kundra were booked in connection with a fraud case of Rs 60.4 crore, her advocate, Prashant Patil issued a statement on Thursday, which issued a statement calling the matter “baseless” and said that it aims to reduce the reputation of her customers.
Now, a now-difiable company is associated with Best Deal TV Private Limited, including a complaint of Mumbai-based businessman Deepak Kothari, who has accused him of cheating on for more than Rs 60 crore in a loan-co-charge deal between 2015 and 2023.
In response to media reports, Advocate Prashant Patil released a statement and said, “My customers have been informed by some segments of electronic and print media that an alleged case has been registered against him in the Economic Offenses Wing, Mumbai. Initially, my customers deny all allegations, already supported by NCLT MUMBAI.”
Calling it an old business transaction, which turned into a legal case after the financial crisis, Patil said: “It does not include any criminality. Our Auditors have presented all the necessary subsidiary documents from time to time, as requested by EOW, including wide cash flow details.”
He further clarified that the investment agreement in question was like an equity investment, and the company had already received a liquidation order, which was also submitted to the police department.
Patil said, “The concerned Chartered Accountants have visited the police station more than 15 times in the last one year, with all the evidence supporting our customers.
According to police sources, the director of Lotus Capital Financial Services, complainant Deepak Kothari alleged that money was diverted for business expansion, for personal use.
He said that Rajesh Arya had introduced him to the Celebrity Couple, who was then the director of the Best Deal TV Private Limited, a home shopping and online retail company, in which the couple allegedly had a joint 87.6 percent stake in a joint 87.6 percent stake.
Initially, the complaint was filed at Juhu police station under sections related to cheating and forgery. However, given the financial scale of the case, more than Rs 10 crore, the investigation was transferred to EOW after preliminary investigation.
Kothari claimed that the accused initially sought a loan of Rs 75 crore at 12 percent interest, but later urged them to structure it as investment to avoid high tax liability. In turn, he allegedly promised monthly returns with repayment of major amount.
