Shilpa Shetty & Raj Kundra Booked in ₹60 Crore Cheating Case, Couple Denies Charges

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Bollywood actor Shilpa Shetty and her businessman husband Raj Kundra have been named in a cheating case filed by Mumbai’s Economic Offences Wing (EOW). The complaint, lodged by Deepak Kothari, a director at Lotus Capital Financial Services Ltd, accuses the couple of defrauding him of ₹60.48 crore through a failed investment deal.

The Complaint and Allegations

According to the FIR, Kothari claims the couple approached him in 2015, seeking funds for their company Best Deal TV Pvt Ltd, which has since shut down. Initially, the request was presented as a ₹75 crore loan at 12% interest. Later, it was restructured as an “investment” with similar promises of returns.

Kothari transferred ₹31.95 crore in April 2015 and ₹28.53 crore in September 2015, both based on legal agreements. However, when he sought repayment, the company allegedly failed to return the money. He later learned that insolvency proceedings had been initiated against Best Deal TV in 2017.

Legal Action

The FIR charges Shetty and Kundra under sections of the Indian Penal Code for criminal breach of trust, misappropriation of funds, and common intention. The EOW is investigating the matter, including the flow of funds and the company’s financial records during the period in question.

The Couples Response

Shilpa Shetty and Raj Kundra have denied any wrongdoing. Their legal team has called it an “old business transaction” with no criminal element, insisting the matter is civil in nature. They have also said they are fully cooperating with the authorities.

What Lies Ahead

With the EOW’s investigation ongoing, the case will focus on whether the transaction was a genuine investment gone bad or a deliberate act of fraud. Given the involvement of a public figure and a high-profile businessman, the developments are likely to draw continued media and public attention.