If you thought Shilpa Shetty and Raj Kundra had left all the scandals in the rearview mirror, think again! This time, the couple’s back in headlines and no, it’s not for a luxury vacation or a yoga reel. We’re talking about a whopping Rs. 60 crore fraud allegation. It’s got the Mumbai Police’s Economic Offences Wing knocking at their door.
Shilpa Shetty and Raj Kundra’s Advocate Releases Official Statement
Businessman Deepak Kothari is the director of Lotus Capital Financial Services. He has accused the star couple of sweet-talking him into investing heavily in their business empire. The money allegedly took a detour into “personal expense” territory.
But before you imagine handcuffs and courtroom drama, hold that thought. Shilpa and Raj’s lawyer, Advocate Prashant Patil, swooped in with a fiery statement.
Advocate Prashant Patil, stated, “My clients have been informed by a certain segment of electronic and print media that there is an alleged case registered against my clients at the Economic Offence Wing, Mumbai. At the outset, my clients deny all the allegations against them, which are purely civil in nature and have been adjudicated by the NCLT Mumbai on 04/10/2024. This is an old transaction, wherein the company went into financial distress and eventually got entangled in a long legal battle at the NCLT. There is no criminality involved, and our auditors have submitted all the necessary supporting documents from time to time, as requested by the EOW, including detailed cash flow statements.”
He added, “The investment agreement in question is purely like an equity investment. The company has already received a liquidation order, which has also been placed before the police department. The concerned Charter accounts have visited the police station for the last year more than 15 times, with all the evidence supporting the claims of my clients. This is nothing but a baseless and malicious case aimed at maligning our clients, and appropriate action is being initiated from our side against the perpetrators.”
Flashback to 2015 – The Deal That Started It All
Mr. Kothari says the saga began in 2015. Shilpa and Raj allegedly approached him for a Rs. 75 crore loan for their TV shopping venture, Best Deal TV. The deal promised a tidy 12% interest. They allegedly suggested treating it as an “investment” with sweet monthly returns. Kothari claims the money left his account—Rs. 31.95 crore in April 2015 and Rs. 28.53 crore in September 2015. But returning the money? That’s a completely different story.
Let’s just say Raj Kundra isn’t exactly a stranger to police files. From last year’s ED raid in a money laundering probe to his 2021 arrest in a controversial adult film case (bail granted later), the man’s public image has been more turbulent than a Bigg Boss weekend ka vaar.
Right now, the EOW is deep-diving into the allegations while Team Kundra is lawyering up harder than ever. Whether this turns into another tabloid frenzy or fades away as “fake news,” one thing’s for sure, in Bollywood, drama never really takes a day off.
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Also Read: Raj Kundra Calls Out Clickbait Culture, Says “Shilpa Shetty Deserves Better” Amid Scrutiny
