Overview

• Mumbai Police’s Economic Offences Wing has recorded fresh statements from Raj Kundra and Shilpa Shetty in the Best Deal TV case and may summon them again.
• Kundra told investigators the company’s cash-on-delivery model collapsed after the 2016 note ban, citing over ₹20 crore spent on advertising and a similar outlay on operations.
• Complainant Deepak Kothari says he transferred ₹31.95 crore in April 2015 and ₹28.53 crore in September 2015 under agreements and alleges the funds were diverted for personal use.
• A Look-Out Circular issued in early September remains in force as the Bombay High Court declined to lift it and said foreign travel would be considered only after a ₹60 crore deposit.
• Investigators are verifying advertising payment records and bank transactions, including whether Shilpa Shetty received any remuneration from the venture.