Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, are under the scanner of Mumbai Police in connection with a major fraud case. The Economic Offences Wing (EOW) is investigating allegations of a Rs 60 crore fraud, and recent findings have brought Shilpa Shetty’s company into focus.
Police sources reveal Rs 15 crore transfer
According to a NDTV report, police sources revealed that Raj Kundra transferred Rs 15 crore from the alleged Rs 60 crore fraud to a company owned by Shilpa Shetty. The move has prompted authorities to dig deeper into the nature of the transaction.
Officials say the amount appears far too high for standard advertising services, raising questions about why such a large sum was paid to the actress’s company. As per the report, Shilpa Shetty may soon be summoned for questioning to clarify the purpose of this payment. Raj Kundra is also expected to be questioned again by the end of the week.
What is the alleged fraud case involving Raj Kundra and Shilpa Shetty?
As per multiple reports, the fraud case revolves around Best Deal TV Pvt Ltd, a now-defunct teleshopping firm co-founded by Shilpa Shetty, Raj Kundra, and actor Akshay Kumar. Launched as India’s first celebrity-based shopping channel, the company promised innovative celebrity-endorsed shopping experiences.Authorities are now examining the company’s financial dealings, including whether funds from the alleged Rs 60 crore were diverted to sister companies or misused for other purposes.
Officials flag missing documents from resolution professionals
The report further reveals that the EOW has flagged that several key documents have not been submitted by the Resolution Professionals (RPs) appointed in the case. These RPs had previously been summoned for questioning but have yet to provide crucial information. This missing paperwork is a significant hurdle in the investigation, as authorities attempt to trace the movement of funds and verify whether any irregularities occurred during the company’s operations.
Complainant alleges deliberate shareholding manipulation
Investigators have also highlighted possible manipulation of shareholding in Best Deal TV. The complainant, Deepak Kothari, a director at Lotus Capital Finance Services, is believed to have been denied a 26% stake in the company. The report suggests that this may have been done deliberately to avoid mandatory reporting to the National Company Law Tribunal (NCLT). If true, it could indicate a systematic attempt to bypass regulatory oversight while handling large sums of money.
Raj Kundra’s statement recorded by police officials
Earlier, on September 15, the EOW recorded Raj Kundra’s statement in connection with the cheating case. He was questioned for more than five hours at an undisclosed location to prevent media attention.Disclaimer: The information in this report is based on a legal investigation as reported by third-party sources. The details provided represent allegations made by the parties involved and are not proven facts. This publication does not claim that the allegations are true and is intended for informational purposes only.
